Summary

Bailey v. Baker Ice Machine Company…

In harmony with the prevailing view, the statutes of Kansas and the decisions of the supreme court of the state recognize that there is a real distinction between a conditional sale and an absolute sale with a mortgage back, in that, under the former, the vendor remains the owner, subject to the vendee's right to acquire the title by complying with the stipulated condition, while under the latter the vendee immediately becomes the owner, subject to the lien created by the mortgage.
Source: Wikisource

Bailey v. Baker Ice Machine Company…

Stat. 1913, §§ 9586, 9631, gave the trustee the status of a creditor having such a lien. That section provides that a trustee in bankruptcy, 'as to all property in the custody or coming into the custody of the bankruptcy court, shall be deemed vested with all the rights, remedies, and powers of a creditor holding a lien by legal or equitable proceedings.' Although otherwise explicit, this provision does not designate the time as of which the trustee is to be regarded as having acquired the status indicated, and yet some point of time must be intended.
Source: Wikisource

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