Magowan v. Baird

The opinion of the court was delivered by

Magie, J.

The result reached in this case in the court of chancery is satisfactory, but cannot, in my judgment, be supported upon the ground on which it was there rested.

The contest between the parties related to the validity of a chattel mortgage. Respondent is the holder of the mortgage, which was made to her by a corporation. The corporation afterward becoming insolvent, appellant Was appointed receiver. His contention is that the mortgage is void as to the creditors of the corporation, under the provisions of section 4 of the Chattel Mortgage act of…