Campbell Printing Press & Manufacturing Co. v. Rockaway Publishing Co.

The opinion of the court was delivered by

Van Syckel, J.

The Campbell company sold to the Rockaway company a printing press. The contract of sale, which is in writing, provides that in thirty days after the receipt of the bill of lading the vendee shall pay $25 in cash, and give its notes for the balance of the purchase-price; that the purchaser shall insure the press and deposit the policy with the vendor. It was further agreed as follows:

*677“ It is also agreed that the deferred payments above mentioned shall be secured by first mortgage on the property herein contracted to be sold. It is further…