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CITIZENS BANK OF LAVACA v. PERRIN & SONS, INC.

No. 5-6104.

488 S.W.2d 14 (1972)

CITIZENS BANK OF LAVACA, Appellant, v. PERRIN & SONS, INC., Appellee.

Supreme Court of Arkansas.

Rehearing Denied January 8, 1973.

Attorney(s) appearing for the Case

Daily, West, Core & Coffman, Fort Smith, for appellant.

Robert E. Hornberger, Shaw & Ledbetter, Fort Smith, for appellee.

GEORGE ROSE SMITH, Justice.

The appellant, Citizens Bank of Lavaca, seeking to collect an unsecured $400 debt owed to it by James Ray Smith, obtained judgment against Smith in the Sebastian circuit court and attached a used tractor owned by the judgment debtor. At the ensuing attachment sale the tractor was bought by a third person, Carl Triplett, for $700. The bank satisfied its judgment from the proceeds of sale and deposited the surplus with the sheriff for the...

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