Enterprise Co. v. Pfeifer

Taylor, C.

Defendant purchased certain sawmill machinery from plaintiff in 1918. On February 8, 1921, he gave plaintiff a promissory note payable July 1, 1921, for the balance of $563.50 then due therefor and gave a chattel mortgage upon certain of the sawmill machinery to secure the payment thereof. No part of this indebtedness was paid, and on August 4, 1925, the chattel mortgage was foreclosed and the property included therein was sold by the sheriff at public auction and was bid in by plaintiff for the sum of $400. Plaintiff applied upon the indebtedness the proceeds of the sale less the…