Goodman v. Schulman

On April 19, 1926, Brandt & Co. made a chattel mortgage for $25,000 to the Mastan Company which was later duly assigned to the defendant Schulman. This mortgage contained the familiar clause permitting summary entry, seizure and public or private sale upon any default. The only provision as to notice is contained in an ensuing clause which says: “ And it is expressly understood and agreed that if Notice of Seizure or sale be sent to the mortgagor by registered mail at the above address it shall be deemed sufficient notice thereof.” On February 8, 1927, the mortgagors made to one Goodman,…