A Treatise Upon the Law of Chattel Mortgages And Conditional Sales in the State of New York

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Y. 214.
Simis V. Hodge, 21 N. Y. St. Rep. 955.
Where the mortgagor is given permission to sell the goods for cash and pay the proceeds over to the mortgagee, the funds become at once the funds of the mortgagee, and the law applies the same upon the mortgagee's indebtedness, whether the same is ever paid over to the mortgagee or not.
Smith V. Cooper, 27 Hun, 567.
Ellsworth V. Phelps, 30 Hun, 646.
Potts V. Hart, 99 N. Y. 168.
Preston v. Southwick, 42 Hun, 293.
Sperry v. Baldwin, 46 Hun, 120.
Wher
...e a mortgagor mixes articles covered by a mortgage with those subsequently acquired, so that they cannot be distinguished, such confusion of property does not render the mortgage invalid as to such articles as can be identi- fied.
Caring v. Richmond, 28 Hun, 25.
Where an agreement is made that the mortgagor may sell mortgaged goods, and apply the proceeds, upon the mortgage, a subsequent judgment debtor is entitled to an accounting AGREEMENTS WHICH DO NOT INVALIDATE. 53 of such sales, and to have the amount applied to reduce the mortgage debt.


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