What is the definition of a chattel mortgage?
Alberta, Canada
The following excerpt is from K. & W. Water Well Drilling Ltd. v. Cornelsen, 1987 CanLII 3417 (AB QB):
The authority for this definition is Sands v. Standard Ins. Co. (1878), 26 Grant 113. The document signed by the respondent does not transfer title to the chattel to the mortgagee and therefore the document is not valid as a chattel mortgage.
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