Bigel v. Brandtjen & Kluge, Inc.

Pee Cueiam.

We concur in the view of the learned Vice-Chancellor that the chattel mortgage is void as to creditors for failure to set out in the affidavit annexed thereto a true and full statement of the consideration thereof as required by B. S. 1987, J¡ 6:28-5. There was a lack of substantial compliance with this provision of the statute. Honesty is not alone the determinative; completeness of statement is also a prerequisite.

We are also of opinion that the Vice-Chancellor correctly charged appellant with the receiver’s compensation and administration expenses; but we think the counsel fee…