Case ID: ad_285/html/0998-02.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Buffalo Hebrew Social Club Federal Credit Union, Appellant, v. David Coles, Defendant, and International Harvester Company et al., Respondents.
   Judgment and order reversed on the "law, with costs, and plaintiff’s motion for 'summary" -judgment' granted, with costs! Memorandum:'' ■ Defendant-' 'sold a'-truck tó'due Goles under* am 'unrecorded" conditiohal"'sales' contract:'’i-While'-. Cble'S'"was1 in' possession1, ofI';th,e>'truck’Un’dlwas"the apparent owner th'eieofy■ hé1 borrowed taóiiey frobrtfió' plaintiff.’ In default ánd threatened with-legal actiohy-' Coles subsequently mortgaged the truck to plaintiff as security for the antecé-b dent debt. Plaintiff accepted the chattel mortgage, which was properly recorded, Htigood faith -and Mthoufe-iLotice-of,defendant’s'¡¡reserve; -.title.- i,W&-thOTk>9]38.t plaintiff was -a-“ purchaser:’’ ¡ -within - the, meaning.- of section,,65-of: the, Personal-Property vLawy although the mortgage was takem-to- secure a.pre-existing claim:» (Personal Property Law, § 156; Peuser v. Marsh, 218 N. Y. 505, 508; Baldwin v. Childs, 249 N. Y. 212, 216; see, also, 1935 Report of N. Y. Law Revision Commission, pp. 21-32; Eager on Chattel Mortgages and Conditional Sales, §. 345, and Moyer v. McIntyre, 43 Hun 58.) All concur (Appeal-¡from, a-judgment: ¡of Erie1 Special Term ¡¡dismissing -plaintiff’s .¡complaint .in .an. action t to..f ore-* ¡ close •a:éhattel¡ mórtgage.¡) ¡'i ’Present McCurn, P.J., Vaughan, Kimball, Wheeler and Van Duser, JJ.