Burroughs Adding Mach. Co. v. Miller

PAGE, Circuit Judge.

On December 14,1928, appellant sold and delivered to bankrupt, under what is admittedly a conditional sales contract, one adding machine. The adjudication in bankruptcy was on February 23, 1929, and á reclamation petition, filed March 12, 1929, to take the adding machine from the trustee, was denied.

The contract provided that the title should remain in the vendor until the purchase price was fully paid in cash. It was also provided :

“Option 1-10 days, 2 per cent, discount, 30 days net;

“If the total purchase price is paid with the order, or within ten days of invoice date,…