Georgia Novelty Machine Co. v. Mount
This text of 101 S.E.2d 104 (Georgia Novelty Machine Co. v. Mount) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
1. The notation on a note, “This note constitutes a lien on all fixtures and equipment at 268 Grill, 268 Williams ' Street,” is sufficient to constitute a valid chattel mortgage upon the property named therein. Code § 67-102. The description contained a key which would be sufficient with the aid of extrinsic evidence to adequately identify the property covered by the mortgage. Green v. Rogers, 62 Ga. 166 (1); Kiser & Co. v. Carrollton Dry Goods Co., 96 Ga. 760 (1, 4) (22 S. E. 303); Clark v. Dodson Printers’ Supply Co., 137 Ga. 324 (73 S. E. 580); International Harvester Co. v. Davis, 13 Ga. App. 1 (2) (78 S. E. 770); Jones & Damren Auto Co. v. Lott, 17 Ga. App. 834 (88 S. E. 719); Georgia Mountain Orchards v. Jones & Stewart, 33 Ga. App. 513 (126 S. E. 865).
2. A purchaser from a mortgagor of property covered by a recorded valid chattel mortgage takes the property subject to the lien of the mortgagee and such purchaser cannot gain a prescriptive title superior to the lien of the mortgagee. Fry v. Shehee, 55 Ga. 208 (3); Towler v. Carithers, 4 Ga. App. 517 (61 S. E. 1132).
The court erred in denying the motion for new trial.
Judgment reversed.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
101 S.E.2d 104, 96 Ga. App. 704, 1957 Ga. App. LEXIS 667, Counsel Stack Legal Research, https://law.counselstack.com/opinion/georgia-novelty-machine-co-v-mount-gactapp-1957.