McFadden v. Turner

U.S. Court of Appeals for the Eighth Circuit
McFadden v. Turner, 48 N.C. 481 (8th Cir. 1856)

McFadden v. Turner

Opinion of the Court

Pearson, J.

In Ballew v. Sudderth, 10 Ire. Rep. 176, the case of Gaither v. Teague, 4 Ire. 165, is referred to with this remark, “ the decision in that case, assumes that the property remained in the vendor,” &c., and an intimation is made that the decision opened a door for the evasion of the statute, to which the attention of the Legislature is called. In our case there is no ground whatever for the assumption that the property remained in the vendor; on the contrary, tiñere is a formal bill of sale with warranty, by which the tifle passes to the vendee, subject to be divested upon the performance of a *483condition subsequent; so that it is, to all intents and purposes, a mortgage. There is no error.

Per Curiam.

Judgment affirmed.

Reference

Full Case Name
J. W. P. McFADDEN v. ROSS B. TURNER
Status
and until he called for it. He further stated
Syllabus
A conveyance of a chattel in -writing, absolute in the conveying part, to which is added a condition, that it shall be void if the vendor pay to the vendee a certain sum of money which he owes Mm, is a mortgage, and is void against creditors if not registered.