Commercial Finance Corp. v. Commercial Credit Corp.

The plaintiff and the defendant are corporations engaged in the business of buying, discounting, and handling commercial paper; the plaintiff at East Montpelier, Yt., and the defendant in Boston, Mass. At all times material the Littlefield Piano Company, Inc., hereafter called the Piano Company, was engaged in the business of selling pianos and other musical instruments, with its principal place of business in the city of Barre.

On May 10, 1928, the Piano Company executed a chattel mortgage on twenty-five pianos, described therein by name and number, to the plaintiff to secure the payment of…