Harris v. Schnitzer

The defendants contend that the chattel mortgage mentioned in the above statement is invalid (1) because it constituted, according to their contentions, a conveyance to the mortgagee in trust for the mortgagor; (2) because the parties contemplated, according to the defendants, that the mortgagor should remain in possession of the mortgaged property, sell the merchandise, and employ the proceeds for his own purposes, thereby rendering the portion of the mortgage applicable to the merchandise fraudulent, which resulted, so the defendants argue, in the invalidity of the entire mortgage; and (8)…