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RITCHIE GROCER CO. v. SANDERS

No. 5-997.

294 S.W.2d 54 (1956)

RITCHIE GROCER CO. et al., Appellants, v. W. D. SANDERS, B. M. Ritchie, Appellees.

Supreme Court of Arkansas.

October 15, 1956.

Attorney(s) appearing for the Case

O. E. Gates, Little Rock, Gaughan, Mc-Clellan & Laney, Camden, for appellants.

Wayne Jewell, El Dorado, for cross-appellant.

Robert C. Compton and Walter L. Brown, El Dorado and J. Bruce Streett, Camden, for appellees.

HOLT, Justice.

Prior to November 9, 1953, appellee, B. M. Ritchie, operated a mercantile business at Hampton, Arkansas, and on this date he sold the business, fixtures and merchandise to W. D. Sanders. On this same day Ritchie took Sanders' note for $8,100 payable in sixty monthly installments of $135 each and to secure payment of the note Sanders executed a chattel mortgage covering the fixtures, which were particularly described, and "also, my entire stock of merchandise...

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