Warner v. Cranford Printing, C., Co.

The Cranford Printing and Publishing Company was declared insolvent and the receiver sold its assets, including those covered by the chattel mortgage. The receiver now petitions for instructions as to the distribution of the proceeds, and in his petition attacks the legality of the mortgage on the grounds that: (a) it was not immediately recorded; (b) the affidavit of consideration was not made by the holder of the mortgage, its agent or attorney; (c) the affidavit fails to state the consideration of the mortgage.

The mortgage is not open to attack because it was not immediately recorded. It…