Continental Moss-Gordin, Inc. v. Beaton

Carretón Harris, Chief Justice.

On March 20, 1963, Zane Beaton, appellee herein, and the owner of the Shugtown Gin Company, agreed to purchase from Continental Moss-Gordin, Inc., appellant herein,1 a machine to be used in ginning operations. The agreed purchase price was $3,200.00, payable as follows: a $1,600.00 down payment was to be made when the'machine was delivered, and Beaton executed two promissory notes for the remaining balance of $1,600.00, each in the amount of $800.00, the first being due on October 15, 1964, and the second due on December 15, 1964. The two notes were admittedly…