HARLAN, Circuit Judge.
The question before us is whether a chattel mortgage given by Francis T. Reilly, the bankrupt, to Thomas Constance, the appellant, is valid as against Reilly's Trustee in Bankruptcy, the appellee.
On November 23, 1949, Constance sold to Reilly, residing at Watervliet, Albany County, N. Y., a roadside diner located in the City of Albany, N. Y. The purchase price was $35,000, payable $15,000 in cash and $20,000 by a purchase money mortgage...
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