Colonial Finance Co., Inc. v. Debenigno

The plaintiff brought this action to recover the possession of an automobile delivered to the Bethel Motor Sales, Inc., on February 7, 1938, under an agreement of trust in accordance with § 767d of the 1937 Supplement to the General Statutes, the “Uniform Trusts Receipts Act.” The plaintiff, engaged in financing automobile sales, occupies the position of an “entruster” under the act and claims the right to repossess the car in order to effectuate its security. The Bethel Motors occupied the position of “trustee” under the act. By its terms, where a trustee has liberty of sale and sells to a…