36 Mich. 51 | Mich. | 1877
The Keystone Iron Company sued below in replevin, to recover certain lumber, claimed to have been purchased from the Michigan Iron Conpany by parol contract, and delivered. The plaintiffs in error, wbo rvere defendants below, claim to hold the lumber by general assignment, executed by the Michigan Iron Company for the benefit of creditors.
Upon the facts as they must have been found by the jury, the Keystone Iron Company held a demand against the Michigan Iron Company for four thousand dollars, and required payment. The debtor company had a lot of iron ore received from the Keystone company, which was alleged to be unsatisfactory. A bargain was made verbally, to receive back this ore at an agreed price, which was done, and to pay the remainder in lumber. Having estimated what balance would be due, several piles of lumber were designated and set apart for that purpose, and it was agreed that if found excessive the Keystone company should pay for the excess. If deficient, the Michigan Iron Company was to-pay the deficiency. At first an average price of eleven dollars per thousand feet was agreed upon, which was after-wards changed to varying prices for the several qualities of common, dimension, and clear. The piles were designated on a diagram of the yard and subsequently marked, and were put in charge of a person who accepted the duty, by consent of the Michigan Iron Company, in whose general employment he was engaged at -the time.
The finding of the jury rests upon the unquestionable facts that there was a distinct verbal agreement that the-whole lumber in the specified piles should at once pass at agreed prices to the purchaser, who' was to become owner of all of it, that the piles were designated and set apart specifically, and that they were by mutual consent put in the-charge of a specified agent as the property of' the vendee.
We are very much at a loss to imagine what more could be done to complete the delivery and acceptance of property such as was here disposed of. It was only capa
We may also remark that if the possession of the lumber was transferred to the purchaser, to be held by him until the future measurements and computations should be made, we are not aware of any principle which would make a possession any less valid, against the vendor himself, because the sale might be incomplete. Possession for purposes of future disposal under a bailment designed to secure the bailee payment out of the property or its proceeds, could hot be disturbed by the bailor. Possession given under any contract for contract purposes, is rightful as between the parties and those who have no superior rights.
While, therefore, we regard the instructions of the court as correctly holding the transactions in controversy to have made a valid sale of the lumber, we think there would have been no error had the sale been incomplete, where possession was given and received by the purchaser for the purpose of retaining the whole, and where the veudor was under no circumstances to receive back any part of the lumber. If it had been no more than a peculiar bailment, it was not a revocable bailment.
Objections were made to the reception of certain testimony of the sayings and doings of various agents of the parties. They could not have affected the issue in- the case, and therefore we need not discuss them. We have not discovered any error in the rulings, but we regard them as not material.
The judgment must be affirmed, with costs.