318 to 360 swap Scamp

I pulled out my motor and trans today and put the motor on the stand....a fairly straight forward and simple job. My question is this..when I lifted the motor, trans fluid drained out the end of the tailpiece. Is this normal...I would have thought it was sealed up at that end.
Also, on the trans, where the neutral safety wire plugs in, the socket was wet with fluid.
That also didn't seem right. What do you guys think. thanks