Whittier National Trust & Savings Bank v. Smith

To reach a fair understanding of the questions involved, a history of the facts in this case, as shown by the record, is necessary.

Raymond Smith and Grace Smith, husband and wife, were the owners of and conducted a farm in Madison county which was subject to a mortgage. Raymond was indebted for borrowed money to R. G. Hoskins in the sum of $600.00 and to Lois Hos-kins in the sum of $2,000.0.0. Lois was in California and her father, R. G. Hoskins, was looking after her business in Iowa. Hoskins was pressing Raymond Smith for security on these debts and on August 29, 1930, a chattel mortgage…