JOE HEASTON TRACTOR & IMP. CO. v. CLAUSSEN

No. 5932.

287 P.2d 57 (1955)

59 N.M. 486

JOE HEASTON TRACTOR & IMPLEMENT CO., a New Mexico corporation, Plaintiff-Appellant, v. R.L. CLAUSSEN, Defendant, Richard C. oshH, Trustee in Bankruptcy for R.L. Claussen, Intervenor-Appellee.

Supreme Court of New Mexico.

August 18, 1955.


Attorney(s) appearing for the Case

Marron & McRae, Joseph Phil Click, Albuquerque, for appellant.

Scott H. Mabry, Albuquerque, for appellee.


McGHEE, Justice.

It is agreed the sole question to be determined by us is whether a written contract for the sale of a stock of merchandise, executed by the buyer and seller, and properly acknowledged, filed for record in the office of the county clerk, and providing on its face that the seller has title to replacements of and additions to a stock of merchandise as security for the unpaid balance of the purchase price, gives to the seller a valid security interest...

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