Bomer-Ferguson Co. v. Shapiro

Supreme Court of Louisiana
Bomer-Ferguson Co. v. Shapiro, 148 La. 736 (La. 1921)
87 So. 729; 1921 La. LEXIS 1339
Proyosty

Bomer-Ferguson Co. v. Shapiro

Opinion of the Court

PROYOSTY, J.

This suit is on a promissory note, and is accompanied by the sequestration of a lot.of logs. As the note was not *737payable until July 15, 1917, and the suit was filed Tin June 4, 1917, a plea of prematurity was filed, and was sustained on the face of the papers. After evidence bad been taken on the question of whether the plaintiff had had ground for sequestration, the sequestration was dissolved. A reconventional demand in damages was dismissed, and from this dismissal defendant did not appeal. The learned .trial judge gave no reasons for judgment.

[1] The debt, although not yet payable, was due; it had been incurred for money advanced to enable defendant to deaden, cut, haul, float, and raft the logs, so that it was privileged on the logs. Not only defendant had it within his power to part with or dispose of the logs during the pendency of the suit, but he had actually sold them, and received a considerable part of the price, and the vendee had branded a considerable part of them with the vendee’s mark, which the evidence shows is considered to constitute delivery, and the vendee was bunching and floating some of the logs; so that the plaintiff clearly had the right to sequester, under paragraphs 7 and 8 of article 275 of the Code of Practice, which gives the right to sequester in all cases where the creditor has a privilege and fears that the debtor may part with or dispose of the movable upon which the privilege bears, and especially did plaintiff have that right under Act 190 of 1912, which provides that where the creditor has a privilege the •fact that it lies within the power of the debt- or to part with or dispose of the movable upon which the privilege rests, justifies a sequestration. The sequestration should therefore have been maintained.

No appearance has been made in this court by defendant; so that we are not informed of the reason for which the learned trial judge dissolved the sequestration. From the questions put to plaintiff’s agent on cross-examination we would infer that the contention of. defendant must have been that defendant did not have it in his power to part with or. dispose of the logs to the prejudice of plaintiff because in addition to the privilege plaintiff had a chattel mortgage on the logs, which not only fully protected plaintiff, but did actually cause plaintiff to feel entirely secure and entertain no fear.

Plaintiff’s agent, however, testified that from former experience he had no confidence in the party to whom defendant had sold the logs. Without going into the details of the matter, the evidence satisfies us that, while perhaps the defendant was not contemplating any fraud, but was, as he thought, acting on the contrary in the interest of all parties concerned, the sequestration was fully and clearly justified under the circumstances. For one thing, plaintiff never consented that a sale of the timber should be made, and especially that the timber should be delivered, before the note in question had been paid.

The act of chattel mortgage executed contemporaneously with the note stipulated that plaintiff might sell and deliver the logs to a cex-tain party named, but that before any delivery was made the note would have to be paid, whether mature or not. Subsequently the plaintiff agreed that the defexxdant might sell to some one else, but not to deliver until the note should have been paid.

[2] And this brings us to the question of maturity vel non of the debt. The defendant having sold the logs and actually delivered some of them, and received a part of the price of the sale, we think that under the agreement just mentioned the note had become payable, and that thex’efore the suit upon it was not premature.

It is therefore ordered, adjudged and decreed that the judgment appealed from be set aside, and that the plea of prematurity herein be ovex-ruled, and that the writ of seques*739tration herein be sustained; and this cause is remanded for trial, the defendant to pay the costs of this appeal.

Reference

Full Case Name
BOMER-FERGUSON CO. v. SHAPIRO
Cited By
5 cases
Status
Published
Syllabus
(Syllabus by Editorial Staff.) 1. Logs and logging 26(5) — Sequestration Under Code Prac. art. 275, pars. 7, 8, and Act No. 190 of 1912, plaintiff, suing on note given for money advanced to enable defendant to cut and remove logs, was entitled to sequester logs, where defendant had sold them to a buyer, who had paid a considerable part of purchase price and was bunching and floating some of the logs; plaintiff’s debt being privileged on the logs. 2. Chattel mortgages 252.r-Action on note before maturity held not prematurely commenced, where mortgagor had sold property. Where it was agreed between mortgagor and mortgagee that mortgagor could sell property, but could' not deliver the property until the note secured by mortgage should have been paid, an action on the note after the property had been sold and delivered in part was not premature, although commenced prior to date specified as maturity; the note having become payable by the sale of property mortgaged.