Denno v. Nash
Denno v. Nash
Opinion of the Court
The opinion of tbe court was delivered by
Henry D. Maynard, in a suit against the plaintiff, caused' to be attached certain articles of personal property which were covered by a chattel mortgage held by A. M. Everts. In addition to the personal property attached, the mortgage also covered the horse and cow for the recovery of which this suit of replevin is brought. The horse and cow were exempt from attachment. The officer making the attachment, in accordance with the provisions of the statute, demanded of Everts a disclosure of the sum due on the mortgage. Everts made such disclosure. Maynard then tendered Everts the sum due on the mortgage. It is needless to inquire, whether, inasmuch as the horse and cow were exempt from attachment, Everts was legally bound to accept the tender. He did accept it, and delivered to Maynard the mortgage and the note secured by it. Such delivery, at the least, effected an equitable assignment of the debt and the mortgage securing its payment. If the plaintiff had then settled the suit in which the other mortgaged property had been attached, the mortgaged property would still have been holden for the payment of the debt then in Maynard’s hands secured by the mortgage. This debt was then overdue and the condition of the mortgage broken. In the mean time Maynard had recovered judgment in the suit in which the other articles of property covered by the mortgage were attached. He took out an execution on the judgment, and delivered it, with the note and mortgage securing it, which covered the horse and cow in controversy, to the defendant. The plaintiff thereupon, before a sale of any of the property on the execution, brought this suit and replevied the horse and cow. The contention is whether
Reference
- Full Case Name
- SIMEON DENNO v. J. M. NASH
- Status
- Published