Philip Kribbs, Respondent v. Byron Alford, Appellants

Summary

The Court held that a chattel mortgage creates an equitable lien only on chattels purchased and placed on the land by the mortgagor after the mortgage date, and does not extend to personal property placed by the mortgagor's assignees. Accordingly, the judgment foreclosing the mortgage was reversed and the case remanded for a new trial, unless the plaintiff modifies the judgment to exclude the assignees' equipment.