Sales Finance Corp. v. McDERMOTT APPLIANCE CO. INC.

This replevin action puts in issue the title to merchandise which, when seized under the writ, was in the possession of the defendants Millen and Lamb as assignees for the benefit of creditors of the corporate defendant, McDermott Appliance Company, Inc., and claimed by the assignees as their property. The plaintiff asserts a security title under trust receipts executed by the corporate defendant in 1957 in which it described itself as, and signed, McDermott Appliance Co. Inc. (emphasis supplied). The statement of trust receipt financing filed with the State Secretary under G. L. c. 255A, §…