Lion Shoe Co. v. Price

This is a suit where judgment creditors of defendant Price compel the defendant Golden to account for the proceeds of the sale under a chattel mortgage on property of defendant Price. In 1928 Price executed a document purporting to be a chattel mortgage to Golden to secure the sum of $3,000. Appended thereto was an affidavit purporting to set forth the consideration. The document was recorded as a chattel mortgage and subsequently complainants sold goods to Price. Defendant Golden subsequently sold the goods under the chattel mortgage for the sum of $3,400. After the sale complainants reduced…