Miller v. Scarbrough

Citations

• 108 Wash. 646
• 185 P. 625
• 1919 Wash. LEXIS 934

Syllabus

<p>Chattel Mortgages (49)-—Validity—Stock in Trade—Sales and Proceeds—Rights of Creditors. A chattel mortgage upon a shifting stock of merchandise, leaving the mortgagors to sell in the course of trade, to he valid as against creditors, should identify the property and must provide for application of the proceeds on the mortgage debt and for accounting and payments; and is void as to creditors where the mortgagors were permitted to dispose of the stock and apply the proceeds to their own use, without making agreed payments on the debt.</p>