Publisher's Synopsis
Excerpt from The Law of Chattel Mortgages and Conditional Sales: Adapted to New York State
The necessity for a book upon the New York State law of chattel mortgages and conditional sales is so urgent that the authors feel that an apology for its production is not required. Since the publication in 1900 of the third edition of Mr. Smith's work, no attempt has been made to present in text-book form the law of such contracts. During the past twelve years, the hundreds of new cases upon the law of chattel mortgages, together with the many changes in the statute have rendered older books practically valueless. But while a great change has been taking place in the law of chattel mortgages, 'a revolution in the law of conditional sales has occurred.
Chattel mortgages and contracts of conditional sale are more frequently entered into than any other written contracts. Although they are so common, no other branch of the law affords so many complications; no other legal subject is so honeycombed with pitfalls for the unwary. An almost endless variety of involved questions arises.
The decisions of New York State present such a wealth of material upon the law of chattel mortgages and conditional sales that, as a general proposition, the decisions of other jurisdictions have not been consulted. However, it has been thought wise to include the Federal decisions which construe the New York statutes. In the chapters on Mortgages of Vessels and Mortgages in Bankruptcy, cases of other States and of Federal courts have been inserted. All the New York State decisions which an extensive search disclosed have been included to 205 N. Y. 485, 149 App. Div. 640, 76 Misc. 192, 135 N. Y. Supp. 688.
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