Morrisania Laundry Service, Inc. v. Strauss

Plaintiff sues to redeem chattels seized under a chattel mortgage, and, if the chattels are not produced for redemption, for an accounting. Plaintiff owned a laundry in which, prior to February, 1928, it had installed certain machinery of an alleged value of $10,000. The individual defendants were the sole stockholders and they and a brother of one of them were the directors. Some of the machinery on which full payment had not been made Was covered by conditional sales agreements duly filed. Most of the machinery had been purchased from a laundry which had formerly used it and there was due…