Layne-New York Co. v. President Hotel Co.

The plaintiff was engaged in tlio business of developing and installing artesian well systems. W. G. Souders was promoting the development in Atlantic City of the President Apartment Hotel Company. In October of 1925, in behalf of this company, he entered into a contract with the plaintiff for the development of a water system for the Apartment Hotel then being constructed. The contract, not recorded, provided: “That all materials and equipment furnished or installed under this contract are and shall remain the property of contractor, regardless of their mode of attachment, until full payment…