In Re Master Knitting Corporation

(after stating the facts as above). This transaction was a conditional sale, which never raises a question of lien, but one of title. In re Fitzhugh, etc., Co., 230 F. 811, 813, 145 C. C. A. 121. That title is defined by the Conditional Sales Act of New York in force when the transaction occurred (chapter 642, p. 1766, Laws N. Y. 1922), which declares that “conditional sale” means “any contract for the sale of goods under which possession is delivered to the buyer and the property in the goods is to vest in the buyer at a *12subsequent time upon the payment” of the purchase price.

This was the…