Union Guardian Trust Co. v. Detroit Creamery Co.

The plaintiff, as trustee in bankruptcy, brought this suit to recover of the defendant the proceeds from the sale of property under a chattel mortgage claimed to be void as to creditors, because given without the notice required by the bulk mortgage statute (2 Comp. Laws 1929, §§ 9548, 9549).

Jennie E. Goodwill owned two drug stores, one on Harper avenue in the city of Detroit and one in Hamtramck, Michigan. On November 14, 1930, she borrowed $3,000 from the defendant and gave as security therefor a chattel mortgage on the stock and fixtures of the Harper avenue store in the city of Detroit.…