Legal Opinion
Theatre Equipment Acceptance Corp. v. Betman
Michigan Supreme Court
Decided June 6, 1932No. Docket No. 116, Calendar No. 36,443PublishedCited by 5 opinions
1Opinion of the CourtWiest, J.
May 21, 1929, defendant) by order and conditional sale contract, purchased certain theatre equipment from the National Theatre Supply Company, Inc. The contract provided:
“Title to the goods ordered shall remain in you (seller) * * * at your option, until the undersigned (defendant) has delivered to you the undersigned’s promissory notes therefor secured by chattel mortgage in form and substance satisfactory to you.”
June 27, 1929, defendant executed, and the National Theatre Supply Company accepted, a chattel mortgage on the equipment to secure payment of 12 promissory notes, of $177.48 each,…
2Cases cited1 opinion
- Cable Co. v. WasegizigMichigan Supreme Court · 1902
3Cited by5 opinions
- Formall, Inc v. Community National BankMichigan Court of Appeals · 1984
- Oakland National Bank v. AndersonMichigan Court of Appeals · 1978
- Corporate Resources, Inc. v. Southeast Suburban Ambulatory Surgical Center, Inc.District Court, N.D. Illinois · 1991
- Theatre Equipment Acceptance Corp. v. BetmanMichigan Supreme Court · 1934
- Formall, Inc v. Community National BankMichigan Court of Appeals · 1984