The parties occupy the same relative position in this Court as they did in the trial court and will, therefore, be referred to herein as they appeared in the trial court. An additional defendant in the action, Hensel Pearcy, made no answer or appearance in the court below and is not a party to this appeal.
On October 18, 1960, as security for a $2800.75 promissory note due the plaintiff, George Ivey, Hensel...
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