SALKELD v. DAVIS


247 S.W.2d 517 (1952)

SALKELD et ux. v. DAVIS.

Court of Appeals of Kentucky.

March 28, 1952.


Attorney(s) appearing for the Case

Mapother, Mix & Morgan and H.S. Keeling, all of Louisville, for appellants.

George B. Ryan, Louisville, for appellee.


COMBS, Justice.

Stanley Davis, appellee here, bought a dry cleaning establishment from Marion P. Salkeld, one of the appellants, on May 1, 1946. The agreed purchase price was $1,425, of which $1,125 was paid in cash, and a note for $300 due 90 days thereafter executed for the balance. The note was secured by a chattel mortgage on the dry cleaning equipment. The note was not paid when due and Salkeld refused to accept a renewal.

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