Michigan Supreme Court, 1860

Holmes v. Hall

Holmes v. Hall
Michigan Supreme Court · Decided April 11, 1860 · Campbell, Other
8 Mich. 66; 1860 Mich. LEXIS 11

Holmes v. Hall

Opinion of the Court

Campbell J.:

The whole of this case depends upon the nature of the instrument, executed by Barstow & Nash, to Hall & Page, which was held by the court below to be a valid chattel mortgage.

The instrument bears a close resemblance to the one considered by the Supreme Court of the United States, in the case of Hunt v. Rousmanier, 8 Wheat. 174,'*'and again in Hunt v. Rousmanier’s Adm. 1 Peters, 1. It was decided in the latter case, that even in equity, an instrument must stand as written, if deliberately adopted by the parties, although they mistook its legal intent; the mistake being one of law merely; and especially so when the rights of *70creditors intervene. We are bound therefore to look for the intent of this agreement to the paper itself, and not beyond it.

It is not a pledge, because there was no possession given; and it is not a mortgage, for it does not purport to change, in any way, the title to the property, which was to remain throughout in the makers. It is nothing but a naked power, not coupled with any present interest, and which could never operate to give Hall & Page any rights in the property itself, until reduced to possession. The levy having ■ been made before this, and while the entire title was in the attachment debtors, must prevail over it.

The court below erred in holding the instrument valid as a mortgage, and the judgment must therefore be reversed, and a new trial granted.

The other Justices concurred.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.