Gibbes MacHinery Co. v. Moore
Gibbes MacHinery Co. v. Moore
Opinion of the Court
The opinion of the Court was delivered by
This is an action of claim and delivery. On the 10th of November, 1910, Wm. A. Lawton executed a mortgage in favor of Gibbes Machinery Company on certain machinery purchased by him from said company. Thereafter he executed a second mortgage on said machinery in favor of the Bank of Brunson. Lawton failed to make payment of his indebtedness to the company, and it demanded possession of the machinery. He was willing for the company to take possession, but the Bank of Brunson, who had possession *329 thereof, refused to surrender it, whereupon the plaintiff commenced an action of claim and delivery, on the. 30th of April, 1912. The Bank of Brunson replevied the property, and the defendant, D. F. Moore, became a surety on its bond. Some time after the commencement of the action the Bank of Brunson failed in business, and was placed in the hands of receivers. The receivers were substituted as parties defendant. Judgment was rendered on the 15th of November, 1913, in favor of the plaintiff for the possession of the property, or $600, the value thereof,, together with $52.15 damages.
On the 10th of December, 1913, the Court made the following order:
“That W. E. Richardson and C. F. Riser, as receivers for the Bank of Brunson, be, and they are hereby, authorized and directed to forthwith advertise for sale, and to sell the property described in the complaint in this action, now in their possession, at public auction and to the highest bidder for cash, after 15 days’ notice, by posting the advertisement of said sale on the courthouse door in Hampton county and two other places in the county. Further .ordered that the proceeds of such sale shall remain in the hands of said receivers until the final determination of this cause, and to be disposed of under the further order of the Court. This property is ordered sold upon the suggestion of the parties to this action that the property in question is located in a swamp and is daily deteriorating from rust and nonuse. This order is made by consent, and without prejudice to the rights of either party to the action.”
Pursuant to said order the property was sold on the 30th of December, 1913, and the plaintiff purchased the same for $315, which sum was delivered by the receivers to the sheriff as a payment on the execution issued upon said judgment. Thereafter the present action was commenced against the defendant, as surety on the replevin bond executed by the Bank of Brunson.
*330 The referee to whom the case was referred recommended in his report that the plaintiff have judgment against the defendant for the sum of $285. On hearing the exceptions to said report his Honor, the Circuit Judge, modified the same, and ruled that the plaintiff was only entitled to judgment for $25; whereupon the plaintiff appealed.
The case seems to have been argued on Circuit, under the misapprehension that the property described in the mortgage was returned to the plaintiff, after the rendition of the judgment against the receivers, in satisfaction of the judgment.
It is true the possession of the machinery was delivered to the plaintiff, when it was sold by the receivers under the order of the Court, but it came into the hands of the plaintiff as a purchaser, and not as the judgment creditor of the defendants.
*331 The Circuit Judge should have rendered judgment for $285 instead of $25 and it is so adjudged.
Reference
- Full Case Name
- Gibbes MacHinery Co. v. Moore Et Al.
- Cited By
- 3 cases
- Status
- Published
- Syllabus
- 1. Replevin — Satisfaction of Judgment by Delivery of Property— Estoppel to Contend Property was Delivered. — Defendants in replevin, cast in judgment, had. the right to deliver the property in kind in satisfaction of the judgment, but they could not convert it to their own use, allow it to be sold under- order of Court, and then contend that it was delivered to plaintiff because plaintiff happened to be the purchaser. 2. Replevin- — Judgment for Plaintiff — Conclusiveness as to Liability of Surety. — Judgment for plaintiff in replevin was conclusive as to the liability of the surety on defendants’ bond.