Uhl v. Wexford Company

Edward M: Sharpe, J.

During the month of May, 1930, the Buffalo Foundry & Machine Company sold to the Wexford Company of Grand Rapids certain machinery, the cost of which was $5,218, and which was secured by an instrument in writing which counsel for the respective parties agree is in the nature of a chattel mortgage. The stipulated facts show that on January 4, 1934, the Grand Rapids Trust Company was appointed receiver of the Wexford Company. This appointment was based upon a petition which recited that although the assets of the Wexford Company exceeded its liabilities, it could not pay its…