ROYSE, J.
On or about September 19, 1944 the appellant, at its Knoxville, Tennessee office, loaned one Harry E. Johnson the sum of $437.90 on his promissory note secured by a chattel mortgage on a 1942 Pontiac Sedan Coupe. The mortgage was recorded in the office of the Register of Deeds, Anderson County, Tennessee on September 21, 1944. Johnson never made any payments on said note and mortgage.
About April, 1945, Johnson entered into negotiations with appellee...
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