W. J. Savage & Co. v. Mayfield

This is an action of replevin to recover possession of an air compressor sold by complainants to Pioneer Brick Company under a retention of title contract. Defendant Mayfield, being the owner of a brick manufacturing plant, located at Oliver Spring, Tennessee, sold it in October, 1924, to Pioneer Brick Company, a Tennessee corporation, for a consideration of $20,000, of which $2000 only was paid in cash, the deferred balance being secured by a trust deed on the plant, consisting of a leasehold interest in real estate, buildings, machinery and miscellaneous manufacturing equipment. The trust…