52 Kan. 185 | Kan. | 1893
The opinion of the court was delivered by
Under the written contract between the Moline Plow Company and Ramsey & Ramsey, the ownership of the goods in controversy was to remain in the plow company until they were fully paid for in cash. The goods levied upon were not sold at retail, or otherwise disposed of by the Ramseys, or either of them, but their creditors, on the 27th and 28th of May, 1889, levied upon the goods, under writs of attachment, to secure, if possible, their claims. Within the prior decisions of this court, the attaching creditors cannot be preferred to the Moline Plow Company. They cannot be regarded as purchasers in good faith for value.
It was decided, in Jackson v. Lamphire, 3 Pet. (28 U. S.) 280, that
“ It is within the undoubted powers of state legislatures to pass recording acts by which the elder grantee shall be postponed to a younger, if the. prior deed is'not recorded within a limited time; and the power is the same whether the deed is dated before or after the recording act. Though the effect of such a deed is to render the prior deed fraudulent and void against a subsequent purchaser, it is not a law violating the obligation of contracts. So, too, is the power to pass limitation laws. Reasons of sound policy have led to the general adoption of laws of this description, and their validity cannot be questioned. The time and manner of their operation, the exceptions to them, and the acts from which the time limited shall begin to run, will generally depend on the sound discre
“A statute of limitations, that at once destroys the right of
The principles applicable to the power of the legislature to pass limitation laws also apply to the passage of recording acts; but in either case the statute must give reasonable time in which the action may be commenced or the instrument recorded, before it operates upon rights of action or existing written instruments. The legislature cannot destroy the right of action or render void a valid instrument if no reasonable time is given to comply with the terms of limitation or registration. The judgment of the district court will be reversed, and, upon the agreed statement of facts, judgment will be directed for the plaintiff below — the plaintiff in error.