Hubb Diggs Co. v. Fort Worth State Bank

Mr. Judge NICKELS

delivered the opinion of the Commission of Appeals, Section A.

Knapp bought of Hubb Diggs Company a Ford coupe, largely on credit. He executed and delivered to the company twelve notes, of a series, each for the principal sum of $44.14, except the last of the series, and it was for the principal sum of $44.15. The notes, however, were not in form made payable to Hubb Diggs Company; the named payee was Guaranty State Bank. At the same time Knapp executed and delivered to the company a chattel mortgage, naming Guaranty State Bank as mortgagee. The bank, however, had no interest…