61 Mo. App. 151 | Mo. Ct. App. | 1895
In February, 1893, the plaintiff sold on credit and delivered to the Kansas City Mantel
The plaintiff’s claim of the right to subject the property in question to its execution, is based on section 4914, Eevised Statutes, 1889, which reads as follows: “Personal property shall in all cases be subject to execution on a judgment against the purchaser for the purchase price thereof, and shall in no case be exempt from such judgment and execution, except in the hands of an innocent purchaser, for value, without notice of the existence of such prior claim for the purchase money.” Counsel contends that, as the assignee is not an innocent purchaser of the mantels, but holds them with full knowledge of the fact that the assignor had not paid for them, then this statute justifies plaintiff’s claim of right to levy its execution thereon. The argument in support of this contention, It must be admitted, is quite plausible, when the attention is alone directed to the words of the statute. But when we- consider the purpose of the section, as construed by the courts, the position so earnestly contended for is not tenable.
The section quoted was engrafted on our law of executions as a qualification of the statute there found
The purchaser here named was not, we think, intended to include an asignee for benefit of creditors, under the voluntary assignment statute. It was meant to attach to a vendee at an ordinary sale. Such “assignments,” says a well known author, “are clearly distinguishable from sales, not only in their occasion and object, but in their essential legal qualities and operation. Sales are transfers in the ordinary course of business; assignments commonly grow out of the embarassments or suspensions of business. A sale is
We can not believe that it was the purpose of the statute in question to allow certain individual creditors to go onto the assigned property (in cases of voluntary assignment under the statute) and partaké of a preference, unless, indeed, they have acquired a lien in some mode before the assignment. The policy of our assignment law is, and has been for many years, that all creditors without specific liens shall share alike. Our lawmakers, years ago, so framed the statute as to deny the assignor any right or authority to make a statutory assignment except for the benefit of all creditors alike. He was, and is yet, deprived of the power to assign for the benefit of particular creditors. ‘ ‘Every voluntary assignment * * *, made by a debtor to any person in trust for his creditors, shall be for the benefit of all the creditors of the assignor in proportion to their respective claims; and every provison in any assignment providing for the payment of one debt or liability in preference to another shall be void, etc. Section 424, R. S. 1889. Equality, then, before the law, is its manifest policy. And before construing any amendment as destroying such policy, it would seem the courts should be entirely satisfied that such was the legislative intention.
Plaintiff’s contention, then, involves the claim of a right of preference in the distribution of the assigned estate. It has no lien on any of the. assigned property and
We approve the action of the trial court and its judgment will be affirmed.