Merchants Manufacturers Sec. Co. v. Graydon

1 Citing case

  1. Burroughs Adding Mach. Co. v. Miller

    39 F.2d 613 (7th Cir. 1930)

    Whether there is an analogy, as urged by appellee, between an Illinois chattel mortgage and a conditional sales contract, in the matter of taking possession upon default, we do not decide, but suggest that the cases cited by appellee on this point, except the above cited Dayton Scale Case, are under the Illinois statute as it was prior to the amendment of 1921 to the Chattel Mortgage Act (Laws of Ill. 1921, p. 569), wherein it is by that amendment provided that a chattel mortgage shall be valid until 90 days after the maturity of the debt. Bower v. Popp, 241 Ill. App. 568; Merchants Co. v. Graydon, 248 Ill. App. 201, 204. Appellant retained the title in a manner sanctioned by the law of Illinois, and that title did not, because of its failure to pay the purchase price, pass to the bankrupt.