132 N.Y. 59 | NY | 1892
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An action to recover damages for the conversion of chattels is a strictly legal one which cannot be maintained unless the plaintiff is entitled to the immediate possession of the property, if in existence. Except as provided by statute possession by the lienor of chattels on which the lien is claimed is indispensable to support a common-law lien. One having such a lien can maintain trover if the property is wrongfully taken or withheld from his possession, but such an action will not lie to enforce an equitable lien as against the owner of the legal title who remains in possession of the property and has not contracted it to the lienor. The instrument under which the plaintiff claims to recover is in form a chattel mortgage. Gandolfo, who executed it, assumes to transfer the legal title to the machinery to Robert Deeley, the plaintiff's assignor, subject to be defeated upon the payment *64
of $4,700. But the machinery, not having been then manufactured, Gandolfo had no title to it (Andrews v. Durant,
We find no case which holds that the legal title to property not in existence actually or potentially can be transferred either by way of sale or mortgage. That an equitable lien may be created on property to be brought into existence is well settled, and an action to foreclose the lien may be maintained. It was said in Coats v. Donnell (
It follows from these views that plaintiffs failed to establish *65 a legal title, either as general or special owners, and were not entitled to recover.
The order should be reversed and the judgment entered on the verdict, affirmed, with costs.
All concur.
Order reversed and judgment accordingly.