Haupt v. Moore

WILBUR, Circuit Judge.

On May 4, 1933, the bankrupt, which was engaged in a general trucking business, entered into what was called a conditional sales contract by which the bankrupt purported to purchase from the appellant Haupt the property then owned by the bankrupt. The possession of the property both before and after the sale remained in the bankrupt. The conditional sales contract was in effect a chattel mortgage. 5 Cal. Jur. 80, § 31; Bonestell v. Western Auto-Motive Finance Corp., 69 Cal. App. 719, 232 P. 734; Pacific Finance Co. v. Hendley, 103 Cal. App. 335, 284 P. 736, 285 P. 1048;…