Morgan v. Richmond
Morgan v. Richmond
Opinion of the Court
W. E. Riser, a judgment creditor of M. E. Cox, seized a twelve-months bond, as the property of Cox, and D. C. Morgan enjoined the sale, claiming to be the owner of the bond.
The only question in the case is the ownership of the bond. It appears from the record that W. E. Riser executed a twelve-months bond
It is contended that there was no sale, because there was no price in money fixed, and that there was no delivery of the bond to Morgan. The price was fixed. It is four hundred and fifty dollars. Because a part of the price was a fee for professional services does not alter the fact that a price in money was fixed. And the same may be said of the balance of the price, which Morgan was to retain as a guarantee against loss by going on Cox’s bail bond.
Bichmond, the sheriff, was the depositary of Cox, and when Cox transferred the bond, and notified the sheriff thereof, he held the bond for Morgan, from whom he received instructions in regard to said bond. There was constructive delivery, if not actual delivery, of the bond. C. C. 2247.
It is therefore ordered and adjudged that the judgment of the lower court be avoided, and that there be judgment in favor of the plaintiff, decreeing him to be the owner of said bond, and that the injunction be perpetuated with costs in both courts.
Reference
- Full Case Name
- D. C. Morgan v. W. L. Richmond, Sheriff
- Cited By
- 1 case
- Status
- Published