Watson v. First National Bank of Clarkston

Citations

• 82 Wash. 65
• 143 P. 451
• 1914 Wash. LEXIS 1474

Syllabus

<p>Chattel Mortgages — Validity—Lack of Affidavit and Recording — Mortgagee in Possession — Rights of Subsequent Creditors. Where a chattel mortgage was invalid as to creditors for lack of an affidavit of good faith and because of failure to record it, it is nevertheless valid as between the parties, and becomes effective as to a subsequent general creditor, where, with the consent of the mortgagor, the mortgagee took possession of the property before such creditor acquired a specific lien on the property.</p>