Johnston v. Standard Oil Co.
Johnston v. Standard Oil Co.
Opinion of the Court
delivered the opinion of the court.
All the evidence in the case shows quite satisfactorily that
We are constrained, however, to reverse the judgment appealed from, because of error complained of in the instructions given for appellee. It has long been held by this court that, in a suit of this character, the value of the property at the time of trial, with interest from that date, is the measure of the plaintiff’s recovery, if successful, and not the value at any prior time. Selser v. Ferriday, 13 Smed. & M., 698. The rule announced in George v. Hewlett, and re-affirmed in Acme Lumber Co. v. McPherson, both in 70 Miss., is inapplicable on the trial of a claimant’s issue, for the obvious reason that in a controversy of the character involved in that issue there is no wrongful taking or withholding of the property from the owner by the claimant. The property is not that of the execution creditor, but is or is not that of his debtor, and its real status can only be determined by a trial of a claimant’s issue. It is true that vexatious delay may occur, and the value of the property may be depreciated, but that is only an ordinary incident to many phases of litigation.
We will re-instate, however, the first verdict, as the ap
The judgment appealed from loill he reversed, and the first verdict re-instated, and judgment entered here on the same.
Reference
- Full Case Name
- S. B. Johnston v. Standard Oil Co.
- Status
- Published
- Syllabus
- 1. Sale. Possession retained. Executory agreement. No title passes. Where one executes to a creditor a bill of sale for a.liorse, the instrument not being recorded, and the debtor retains possession under an agreement that he is to sell the horse when and upon such terms as he may¡ and account to the creditor for the proceeds, which are to be applied in payment of his debt, there is no valid sale, and the horse remains his property and subject to execution in favor of other creditors. 2. Claimant’s Issue. Judgment. Value at time of trial. Judgment in favor of a successful plaintiff in a claimant’s issue should be for the value of the property at the time of trial, not at the time it was received by the claimant. Selser v. Ferriday, 13 Smed. & M., (¡98. 8. Same. Recovery in (’..tress of original judgment. The recover}' of a successful plaintiff in a claimant’s issue is not invalid because it exceeds the amount of the original judgment, with interest and costs. Payment of such amount will be satisfaction, and the court, on motion, will protect the claimant as against any excess.