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SKYLINE FURNITURE, INC. v. GIFFORD

No. 5964.

433 S.W.2d 950 (1968)

SKYLINE FURNITURE, INC., a corporation, Appellant, v. K. P. GIFFORD, d/b/a Finance Trust Company, Appellee.

Court of Civil Appeals of Texas, El Paso.

Rehearing Denied November 20, 1968.

Attorney(s) appearing for the Case

Joseph Abraham, Jr., Guevara & Rebe, El Paso, for appellant.

Scott, Hulse, Marshall & Feuille and Richard Munzinger, El Paso, for appellee.

OPINION

FRASER, Chief Justice.

This is an appeal from the County Court at Law No. 2 of El Paso County, Texas. The facts, briefly, are that appellee brought suit on a promissory note secured by a chattel mortgage which appellee had purchased from appellant. The basic part of such assignment is as follows:

"PAY TO FINANCE TRUST CO. WITHOUT RECOURSE, For VALUE RECEIVED, the promissory note and purchase money mortgage between the Purchaser and undersigned...

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