DONAHUE, Circuit Judge (after stating the facts as above).
It is insisted upon the part of the receiver that the contracts attached to claimant's proof of claim are in legal effect chattel mortgages; that even if these contracts are conditional sale contracts, the claimant has elected to transfer title to the estate of defendant, retaining no title or security for its claim; and that the claim is not entitled to preference under any construction.
In the opinion...
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