28 N.Y.S. 452 | N.Y. Sup. Ct. | 1894
Daniel C. Kennedy, a brother of the plaintiff, executed and delivered to the plaintiff, on the 3d day of September, 1892, a chattel mortgage, which was in the usual form, and covered two horses and a double harness, and was conditioned to pay the plaintiff, one year from its date, $500. The plaintiff paid to the mortgagor, at the time of the execution and delivery of the mortgage, $114 of the consideration. The balance of the $500 was a past-due indebtedness of the mortgagor to the mortgagee. Daniel C. Kennedy had theretofore, and on the 5th day of September, 1891, executed and delivered to one Hannah Bank a chattel mortgage upon the same horses and harness described in the plaintiff’s mortgage, and, in addition thereto, one single harness. The latter mortgage was conditioned to pay the mortgagee $1,000 one year from its date. The plaintiff was informed of the existence of this mortgage at the time of taking his mortgage. At the request of the mortgagor, the mortgagee, Hannah Bank, on the 15th day of August, 1892, executed and delivered to the mortgagor a written release from the lien of her mortgage of the property described therein; it purported to be executed for value received, but no money consideration was, in fact, paid therefor. This release was delivered to the plaintiff at the time of the taking of his mortgage, and he relied thereon in taking his mortgage and in parting with the $114 heretofore mentioned. Daniel O. Kennedy, the mortgagor, and Hiss Bank were, at the time of the giving of the release aforesaid, engaged to
The appellant contends that the release, having been given without consideration, was void. ¡Not so, if it was a voluntary and executed gift; and the circumstances of its execution and delivery tend to establish that it was a gift. It was natural that Miss Rank should wish to assist her impecunious lover, in view of their prospective marriage. She very properly retained possession of the mortgage, as it was a lien upon property which she had not released. Delivery of the mortgage was not necessary to consummate the gift; delivery of the release was all that was required. Ellis v. Secor, 31 Mich. 189. After releasing the property from the lien of the mortgage, neither Miss Rank nor her executor had any claim upon it. The defendant was estopped from claiming the property as against the plaintiff. As against a trespasser, the plaintiff’s title to the property was complete, notwithstanding he parted with less than its value at the time of the talcing of his mortgage. The defendant, having wrongfully taken the property and sold it, was liable to plaintiff for its full value.
The court charged the jury that if they found that the release was executed and delivered to the plaintiff, as claimed by him, he was entitled to a verdict for. the full value of the property. ¡No exception was taken to the charge. The defendant requested the court to charge the jury that the verdict should not exceed $114, the amount of money advanced. The court refused, and defendant excepted. If the jury found for the plaintiff, they were at liberty to add interest. The exception, therefore, cannot avail the defendant. The judgment and order should be affirmed. All concur.