McMullen MacHinery Co. v. Grand Rapids Trust Co.

The McMullen Machinery Company of Grand Rapids (hereinafter termed the petitioner), a broker in machinery, sold the Field Body Corporation of Owosso (hereinafter termed the defendant), at different times, various pieces of factory machinery under title-retaining contracts. It also sold defendant quantities of factory supplies. It carried a general open account on its books, in which was recorded in chronological order a record of the sales of both the machinery and the factory supplies. At intervals payments were made by defendant and credited to this account in a like manner.

The contracts of…