Ramsey v. Furlott

This is an action to foreclose a chattel mortgage. The answer set up as a defense that there was no consideration for the debt and that the plaintiffs had waived the lien of the mortgage by selling certain real estate under a deed of trust. The answer alleged that the defendant was indebted to the plaintiffs in the sum of $3,500, evidenced by a note secured by a deed of trust on real estate; that subsequently another note and this chattel mortgage were given as security for this same indebtedness; that there was but one debt and this note and chattel mortgage were given only as additional…