New York Court of Appeals
Thompson v. Van Vechten
September 5, 186327 N.Y. 568
Summary
The New York Court of Appeals affirmed the Superior Court's judgment regarding the chattel mortgage on the vessel Alida, holding that the Drew mortgage was extinguished by payment made with the debtor's funds, that unfiled mortgages are void against creditors, that Shaw's mortgage is superior to Elmore's, and that the confession of judgment in favor of Schoonmaker is valid, while reversing and modifying the portion of the judgment concerning Schoonmaker to allow him to take the sale proceeds.