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· 1/17/1918

Otto v. England

Citations

  • 99 Wash. 529
  • 169 P. 964
  • 1918 Wash. LEXIS 654

Syllabus

<p>Chattel Mortgages—Validity—Consideration. A chattel mortgage upon logs to one who furnished capital to purchase the logs, in accordance with a custom indulged in for some time for financing the business, is not void for want of consideration.</p> <p>Same—Validity—Description oe Property. A technical error in describing logs in a chattel mortgage as being in a boom at Edmonds when in fact they were at Everett, does not invalidate the mortgage as between the parties.</p> <p>Bankruptcy—Rights oe Trustee—Pbiob Chattel Mortgages— Decree. The lien of a trustee in bankruptcy attaches from the date of the bankruptcy proceedings, and does not affect a prior chattel mortgage lien which was valid as between the parties, and the validity of which was established by decree prior to the bankruptcy proceedings.</p>

Judges: Morris

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.