New Jersey Mutual Insurance v. Glore
New Jersey Mutual Insurance v. Glore
Opinion of the Court
Opinion by
• According to appellee’s own showing, O’Brien, the pawnbroker, was in possession of the watch and held a lien on it (under an express contract) to secure the repayment of forty dollars loaned money when the constable levied on and sold the same by virtue of appellant’s execution against said O’Brien.
The levy was upon the watch itself, and not upon O’Brien’s equity. The watch itself was sold and purchased by appellant. The price thereof, thirty-one dollars, was entered as a credit on the execution, and to that extent the judgment against 0'’Brien was satisfied.
He has taken no steps to have the sale quashed on account of his interest in the watch not being subject to levy and sale under execution, but seemsi inclined to accept the credit resulting from the sale, and to assist appellee in his attempt to recover the full value of the watch.
As a matter of law, the fight of action for the recovery of the watch is in O’Brien, who has a special interest in the property,' and also the right of possession under his contract with Glore.
If he abandons this right to Glore, and at the same time takes
Glore could not have recovered in. an action against O’Brien without paying or offering to pay the loaned money. Neither can he recover against appellant’ without paying or offering to pay the amount bid for the watch at the constable’s sale, said amount being less than the debt owing by him to O’Brien.
The instructions given by the court below are wholly inconsistent with the view of the law. Its judgment must'therefore be reversed. The cause is remanded for a new trial upon principles consistent with this opinion.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.