W. F. & R. Boat Builders, Inc. v. Hammond

Plaintiff, a conditional vendor of two barges, seeks to recover a balance of the purchase price remaining due after a repossession and resale thereof. The contracts of conditional sale contain no express provision by which the vendee may be held liable for any such deficiency.- Recourse must, therefore, be had to the statute in effect at the time the contracts were made (Pers. Prop. Law of 1909, § 65), rather than to the statute now in effect, to determine the extent of the defendant’s liability. (Haefelein v. Jacob, 106 App. Div. 163; see Laws of 1922, chap. 642, § 3.) Unlike the present…