Mannos v. Bishop-Babcock-Becker Co.

This is an appeal from an interlocutory order appointing a receiver. Appellants purchased a soda fountain from appellee, a corporation, at a price of $2,200, and, in part payment thereof, executed thirty-five notes for $50 each, secured by a chattel mortgage on the fountain. One note fell due on August 3, 1911, and one of the others matured each month thereafter for sixteen months. By a provision of the mortgage, failure to pay any note at maturity caused all unpaid ones to mature at once. In December, 1911, appellee filed its complaint in the Allen Superior Court, alleging that appellants…