104 P.2d 579 | Wash. | 1940
Approximately fifteen months later, Carey instituted this action against the mortgagee to recover for conversion of his household goods. Trial of the cause to a jury resulted in a verdict in favor of the plaintiff in the amount of one hundred and seventy-five dollars. Judgment was entered accordingly. Defendant appealed.
[1] The assignment that the court erred in sustaining the objection of respondent to the introduction in evidence of the sheriff's bill of sale showing property was sold at public auction November 24, 1937, and also *634 erred in sustaining the objection to the subsequent offer of proof of the chattel mortgage foreclosure proceeding, is not argued; hence, may not be considered.
[2] Other assignments of error present the question whether a mortgagee of personal property may, in the absence of consent by the owner of the mortgaged property, take possession of the property without foreclosure of the mortgage.
The chattel mortgage contains a provision to the effect that the mortgagee may take summary possession of the property if default be made in the payment of the amounts due, or if the mortgagor fails or neglects to take proper care of any of the mortgaged property.
The statute provides for summary foreclosure of a chattel mortgage by notice and sale or foreclosure by action in the superior court. Rem. Rev. Stat., § 1104 [P.C. § 9751] et seq. It is the rule in this state that a chattel mortgage operates merely as security and vests no title in the mortgagee. The clause in the mortgage providing that the mortgagee may take summary possession of the property gives no right to take possession without the consent of the mortgagor and makes a taking in the absence of his consent a conversion of the property.
It is the public policy of this state that a mortgage is only a lien, which the mortgagee may foreclose in the manner provided by law; and that, in the absence of consent by the owner of the mortgaged property to the taking of possession of the property by the mortgagee, the latter may obtain possession of the property only pursuant to foreclosure by one of the statutory methods.McClellan v. Gaston,
"There are two basic theories as to the nature and effect of chattel mortgages. Under the old common law theory, a chattel mortgage operates as a sale, vesting title to the mortgaged property in the mortgagee, subject to defeasance by payment by the mortgagor. Under the other theory, a chattel mortgage operates merely as security for a debt, and vests in the mortgagee no title, but only a lien on the mortgaged property.
"This state adopted and has always followed the second or lien theory, and held that, under a mortgage, whether covering real estate or chattels, no title passes, the mortgagee holding only a lien which he may foreclose in the manner provided by law. Byrdv. Forbes, 3 Wn. Ter. 318, 13 P. 715; Lahn Simmons v.Matzen Woolen Mills,
[3] The contention of appellant that the court should have charged the jury respecting the right of a mortgagee to take possession of the mortgaged property when it is in danger of destruction is without merit for two reasons: (1) there was no evidence of any such danger; and (2) the summary procedure provided by the statute afforded sufficient protection to the mortgagee.
The judgment is affirmed.
MAIN, ROBINSON, SIMPSON, and STEINERT, JJ., concur. *636