Oscoda State Savings Bank v. McAllister

On April 8, 1963, Jack Coyle, doing business as Lakeside Motor Sales, of Tawas City, Michigan, purchased a new station wagon from the Willys Sales Corporation. Coyle financed this purchase by a loan from the Oscoda State Savings Bank, plaintiff-appellee herein. As security for the loan a chattel mortgage was signed, notarized, and witnessed, with the bank as chattel mortgagee and Jack Coyle as chattel mortgagor and was properly filed on April 10, 1963.

The defendant-appellant herein, on May 18, 1963, purchased the motor vehicle from Jack Coyle, and since no certificate of title had been issued…