Piasecki v. Fidelity Corp. of Mich.

Plaintiffs in this jury case seek to recover damages arising from deterioration in value of a chattel mortgage assigned with guaranty by plaintiffs to defendant, occasioned by defendant’s failure to carry out its duty to plaintiffs to file the chattel mortgage with the register of deeds for Muskegon county promptly and seasonably, by which failure interim creditors of the later bankrupt chattel mortgagor were allowed to advance credit, in ignorance of the existence of the chattel mortgage.

Plaintiffs claim that at the time the chattel mortgage was assigned to defendant with a guaranty as a…