Standard Motors Finance Co. v. Central Farmers Trust Co.

The legal proposition to be decided in this case is one of priorities between the vendor of a sprinkler system under a retained title contract providing for the installation of such system in an office building and the mortgagee of a mortgage on such property.. It is conceded that the mortgage was already a perfected lien on the building at the time the sprinkler system was so installed. But it is appellant’s contention that by reason of the provisions of the installation contract, the title to such system never passed to the mortgagor and thus' was never encumbered by the mortgage, or in…