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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
The aircraft has a very small wing for the US ultralight category with a wing area of only 95 sq ft (8.8 m 2) and a wingspan of 17.6 ft (5.4 m). The wing is equipped with flaps that give it a stall speed of 25 mph (40 km/h). The small wing gives the aircraft a high cruise speed and better resistance to turbulence than a lighter-loaded wing.
Pterodactyl production commenced in 1979 and was completed in 1984, when the company was sold to a group of partners under the name "Freedom Fliers" and moved to Rowlett, Texas. The company quickly went out of business, and few aircraft were completed. McCornack was never paid for the sale of the company.
[2] The VJ-22 is a high-winged monoplane , using the wings from an Aeronca Champion or Chief , with a new flying boat hull of mahogany plywood , waterproofed with fiberglass cloth. [ 3 ] The aircraft's single engine, normally a pusher of between 85 hp (63 kW) and 100 hp (75 kW), is mounted on pylons above the wing centre section.
The Van's RV-12 is an American two-seat, single-engine, low-wing homebuilt airplane eligible for the U.S. E-LSA category, sold in kit form and as a complete ready-to-fly aircraft by Van's Aircraft of Aurora, Oregon. [4] [5] The first RV-12, built by Richard VanGrunsven, at Oshkosh 2008. The RV-12 had its first flight on November 9, 2006. [3]
The 2150A design rights were sold in 1967 to used aircraft parts supplier George Varga who formed the Varga Aircraft Corporation. The Varga 2150A Kachina was built at Chandler, Arizona between 1975 and 1982. 121 2150A Kachinas were completed together with 18 examples of the Varga 2180 with a 180 hp Lycoming O-360-A2D engine.
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