General Electric Co. v. Transit Equipment Co.
New Jersey Court of Chancery
Two causes tried together by consent. The object of the first bill is to enforce a title reserved by the General Electric Company in certain electric motor-car equipments and controllers furnished and delivered by that company to the defendant the Transit Equipment Company and placed by it on certain street railway cars of the defendant the Union Traction Company, of which the defendant Johnson is receiver in insolvency, appointed by the Court of Chancery, and of which the…
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Two causes tried together by consent. The object of the first bill is to enforce a title reserved by the General Electric Company in certain electric motor-car equipments and controllers furnished and delivered by that company to the defendant the Transit Equipment Company and placed by it on certain street railway cars of the defendant the Union Traction Company, of which the defendant Johnson is receiver in insolvency, appointed by the Court of Chancery, and of which the defendants the Berlin Bridge Company, the Pierce & Miller Engineering Company and the Sterling Company are severally…
1Opinion of the Court
Pitney, V. C.
The several claims of the General Electric Company and the Crocker-Wheeler Company are quite distinct — depend upon different facts — and so must be considered separately.
I will first take that of the General Electric Company, premising that the lien of the Metropolitan Trust Company, as trustee for the bondholders, is prior in point of time to that of either of the other parties.
The Union Traction Company was organized on the 2d of November, 1894, and shortly afterwards and in the same month the mortgage in question was made and executed, which also covered future-acquired…
2Cases cited9 opinions
- Fosdick v. SchallSupreme Court of the United States · 1879
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
- United States v. New Orleans RailroadSupreme Court of the United States · 1871
- Dillon v. BarnardSupreme Court of the United States · 1875
- Toledo, Delphos & Burlington Railroad v. HamiltonSupreme Court of the United States · 1890
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3Cited by11 opinions
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- Eisenhauer v. QuinnMontana Supreme Court · 1907
- Ridgway Dynamo & Engine Co. v. WerderSupreme Court of Pennsylvania · 1926
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