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UNIVERSAL C. I. T. CREDIT CORPORATION v. EVANS

No. 5-2445.

350 S.W.2d 606 (1961)

UNIVERSAL C. I. T. CREDIT CORPORATION, Appellant, v. J. M. EVANS and Ivy G. Evans, Appellees.

Supreme Court of Arkansas.

November 6, 1961.

Attorney(s) appearing for the Case

Wright, Lindsey, Jennings, Lester & Shults, and Phil S. Anderson, Jr., Little Rock, for appellant.

Cole & Scott, Malvern, for appellees

JOHNSON, Justice.

This is an appeal from a Chancery Court's award of a sum of money interpleaded by an intervenor in a chattel mortgage foreclosure action.

In March of 1955, appellee J. M. Evans sold to E. K. Weise and James Westbrook his business known as Saline County Motors. To enable Weise and Westbrook to make this purchase, appellees J. M. Evans and Ivy G. Evans, his wife, permitted Weise and Westbrook to execute a chattel mortgage on the property sold...

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