On June 30th, 1959, defendants Stonecipher purchased nine automobiles from Slater-Mashburn Motor Company. P & E Finance Company sued for possession of five of such automobiles covered by floor plan mortgages, duly recorded, under the terms of which possession thereof remained in the mortgagors for display and sale in the regular course of trade for cash or upon such terms as are approved by the mortgagee...
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