Osco Motors Corp. v. Martin

Complainant files its bill as a purchaser of mortgaged chattels "in good faith" under the statute R.S. 46:28-5 regulating the execution and registry of chattel mortgages, and seeks to enjoin a sale thereof by the defendant Edward H. Martin, bailiff of the defendant mortgagee Corn Exchange National Bank and Trust Company. Complainant asserts that the two mortgages in question were not immediately recorded, that the jurats of the affidavits of consideration were incomplete, and that the affidavits did not define the authority of the affiant. Complainant prays a decree declaring that, as to it,…