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SECURITY TIRE AND RUBBER COMPANY v. HLASS

No. 5-4936.

441 S.W.2d 91 (1969)

SECURITY TIRE AND RUBBER COMPANY, Inc., Appellant, v. Stephen E. HLASS d/b/a Stephens Tire Co. and Larry McCord, Trustee in Bankruptcy, Appellees.

Supreme Court of Arkansas.

May 26, 1969.

Attorney(s) appearing for the Case

Sam Goodkin, Fort Smith, for appellant.

Shaw & Bedwell, Fort Smith, for appellees.

BYRD, Justice.

Appellant Security Tire and Rubber Co., Inc. on April 25, 1967 took four notes from appellee Stephen E. Hlass secured by the following security agreement:

"I Steve E. Hlass do hereby assign the customer accounts receivables and the Company owned inventory of Stephens Tire Company, 2517 Alma Highway, Van Buren, Arkansas to the Security Tire and Rubber Company, Inc. of Richmond, Virginia, as collateral for four notes Nos. 1, 2, 3 and 4 in the...

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