SALES--DISTINCTION BETWEEN CONDITIONAL SALE AND CHATTEL MORTGAGE-MICHIGAN RULE

Authors

Abstract

The petitioner sold a truck under an unrecorded contract which provided that title was to remain in him until the buyer made full payment, and that in event of default the whole sum was to become due immediately with the right of reclamation. The buyer subsequently went into bankruptcy and the seller petitioned for reclamation of the truck from the trustee. Held, that since the contract under the Michigan rule constituted a chattel mortgage so that failure to record it made it ineffective against creditors, the petition should be denied. In re Central States Freight Corporation (E. D. Mich. 1931) 46 F.(2d) 545.

Recommended Citation

SALES--DISTINCTION BETWEEN CONDITIONAL SALE AND CHATTEL MORTGAGE-MICHIGAN RULE, 29 Mich. L. Rev. 1094 (1931).
Available at: https://repository.law.umich.edu/mlr/vol29/iss8/35