Pisculli v. Bellanca Aicraft Corp.

The Chancellor.

Assuming the conditional sales agreement of May 22nd to be a valid one (which the complainant questions), yet, the complainant contends, it must be treated as subordinate to his claim. This contention is based on two alternative views. The first is that his chattel mortgage was a valid one and lawfully recorded under the laws of New York, and that itctherefore takes precedence, being prior in point of time, over the subsequent conditional sales agreement, the vendor in which is chargeable with notice of a legal lien by virtue of the mortgage’s recordation. But if this be not…