WILLIAMS v. REED

Docket No. S.F. 19343.

48 Cal.2d 57 (1957)

307 P.2d 353

W.E. WILLIAMS, Respondent, v. GLEN E. REED et al., Defendants; ROBERT M. CAIRNS et al., Appellants.

Supreme Court of California. In Bank.

February 21, 1957.


Attorney(s) appearing for the Case

Athearn, Chandler & Hoffman, F.G. Athearn, Leigh Athearn, Theodore P. Lambros, Carlson, Collins, Gordon & Bold and Roscoe E. Jordan for Appellants.

Herron & Winn and John Wynne Herron for Respondent.


CARTER, J.

This is an appeal by defendants Arvidson, Carroll and Cairns, makers (with Reed who does not appeal) of a $30,000 promissory note, from a deficiency judgment, after sale under a securing chattel mortgage, in favor of plaintiff, payee of the note.

Two negotiable notes, one for $30,000, bearing 5 per cent interest, and the other for $10,000, were dated June 14, 1950. The first became due in 60 days and the second on December 14, 1950, and named all...

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