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CRAM v. WELLS CARGO, INC.

No. 3714.

253 P.2d 200 (1953)

CRAM v. WELLS CARGO Inc., et al.

Supreme Court of Nevada.

February 13, 1953.

Attorney(s) appearing for the Case

Taylor & Gubler, of Las Vegas, for appellant.

Jones, Wiener & Jones, Las Vegas, for respondents Wells Cargo Inc., and Joe W. Wells.

G. William Coulthard, Las Vegas, for respondents F. M. Frandsen and Nevada Rock and Sand Co., Inc.

MERRILL, Justice.

In December, 1949, Cram as mortgagor was faced with a suit to foreclose a chattel mortgage covering certain heavy dirt-moving equipment, which mortgage was held as security for a note on which a balance of $39,088.90 remained due. In an effort to avert foreclosure, Cram sold certain of the equipment covered by the mortgage for the sum of $24,500. This sum was applied upon the mortgage and the equipment sold was released therefrom. Following negotiations...

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