Big Four Implement Co. v. Wright

Citations

• 207 F. 535
• 47 L.R.A.N.S. 1223
• 1913 U.S. App. LEXIS 1646

Syllabus

<p>1. Fbaudulent Conveyances (§ 299*)—Evidence—Withholding fbom Reoobd—Conditional Sales.</p> <p>The mere failure to file contracts of conditional sale for record, although they are required to be filed by statute to be valid against subsequent purchasers and certain classes of creditors, is not sufficient to show fraudulent intent.</p> <p>[Ed. Note.—For other eases, see Fraudulent Conveyances, Cent. Dig. §§ 876-890; Dee. Dig. § 299.*]</p> <p>2. Sales (§ 474*) — Conditional Sales — Effect of Failube to File Contbaot.</p> <p>Under the law of Kansas, the failure to file a contract of conditional sale for record docs not render it invalid as against general creditors without lien.</p> <p>[Ed. Note.—For other eases, see Sales Cent Dig. §§ 1391-1402; Dec. Dig. § 474.*]</p> <p>3. Bankruptcy (§ 152*)—Lien of Trustee—Date.</p> <p>The lien conferred on a bankrupt’s trustee by Bankr. Act July 1, 1898, e. 541, | 47a (2), 30 Stat. 557 (TI. S. Comp. St. 1901, p. 3438), as amended by Act June 25, 1910, c. 412, § 8, 36 Stat. 840 (U. S. Comp. St. Snpp. 1911, p. 1500), dates from the time of the bankruptcy proceedings.</p> <p>[Ed. Note.—For other cases, see Bankruptcy, Cent. Dig. § 194; Dec. Dig. § 152.*]</p> <p>4. Bankruptcy (§ 161*)—Preference—“Conditional Sale” Contracts—Filing Within Foub Months.</p> <p>Under the general law and also the statutes of Kansas (Gen. St. 1909, §§ 5224-5226, 5237), there is a clear distinction between a contract of “conditional sale” by which the seller retains title until full payment, with the right to take iiossession at any time, and contracts of sale by which the title is passed and a chattel mortgage for the purchase money taken back, and a contract of conditional sale, although made before, but not filed as provided by the Kansas statute until within four months prior to the bankruptcy of' the purchaser, does not constitute a preference.</p> <p>[Ed. Note.—For other eases, see Bankruptcy, Cent. Dig. §§ 261-263; Dec. Dig. § 161.*</p> <p>For other