Riverside MacHinery Depot v. American Steel Supply Syndicate

The defendant syndicate corporation executed four written instruments, assumed to be conditional sale contracts, on the purchase of certain goods from the plaintiff, on March 27th, May 6th, May 31st, and July 1,1918. There was default in payment; demand for possession was refused. On October 3, 1918, plaintiff brought replevin, and the property described in the writ was delivered to it. The defendant did not appear. Its default was entered on November 2d, judgment obtained on November 16 th, and the property soon after sold by plaintiff.

On October 26,1918, an involuntary petition in…