Hare & Chase, Inc. v. Hoag

Hare & Chase of Toledo, Inc. brought this action in replevin against Loretta Hoag in the Lucas Common Pleas seeking the possession of a Reo truck purchased by defendants. Part of the purchase price was paid and twelve notes, secured by chattel mortgage, payable one each month made up the balance thereof. The notes were later discounted by and endorsed to the plaintiff, to which company the mortgage was then also assigned.

The first two notes were paid and upon failure to pay the third note at maturity, plaintiff demanded that all of the notes be then paid or possession of the truck would be…