Munz v. National Bond Investment Company

Opinion op the Court by

Judge Willis

Reversing.

This case involves the rights of an innocent purchaser of personal property as against the holder of a note secured by an unrecorded conditional sales contract covering the same property. The relative rights of such parties, in the final analysis, depends upon whether a conditional sales contract, as defined by the Uniform Sales Act adopted in Kentucky on March 26, 1928 (Ky. Stats., sec. 2651b-1 et seq.), must be recorded or filed to be effective against a bona fide purchaser without notice. The circuit court held that such contracts were not…