Hall v. Kansas City Terra Cotta Co.

Citations

• 97 Kan. 103
• 154 P. 210
• 1916 Kan. LEXIS 236

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Assignment — Proceeds of Contract — Valid as Against Garnishment. Where a defendant corporation assigned to a bank the proceeds of a contract due and to become due for furnishing materials and labor to a building contractor, such assignment is valid as against a garnishment of the funds in the hands of the building contractor.</p> <p>2. Same — Assignment Did Not Create Chattel Mortgage. Such an assignment is not a chattel mortgage requiring registration to be valid against the claim of another creditor proceeding by writ of garnishment.</p>