46 Ill. 487 | Ill. | 1868
delivered the opinion of the Court:
We entertain no doubt that this transaction was, in fact, a sale of the piano, though made to assume the form of a lease for the purpose of giving the vendor a lien on the instrument until payment in full of the purchase money. The mere statement of the facts shows this. The price of the piano was seven hundred dollars. The purchaser, on talcing it, paid fifty dollars, which was called the rent of the piano for the first month, and he was to pay fifty dollars at the beginning of each month thereafter for thirteen months, the piano to become the property of the purchaser in the event of his paying seven hundred dollars within the thirteen months, and in that event, all past payments of rent to count as a part of the seven hundred dollars. It will be observed that at the beginning of the thirteenth month, the purchaser would have paid six hundred and fifty dollars, and that he had the whole' of that month for the payment of another fifty dollars, on the payment of which sum the piano was to become his property. It was a mere subterfuge to call this transaction a lease, and the application of that term in the written agreement between the parties does not change its real character. It was a conditional sale, with a right of rescission on the part of the vendor, in case the purchaser should fail in payment of his instalments—a contract legal and valid as between the parties, but made with the risk, on the part of the vendor, of losing his lien, in case the property should be levied upon by creditors of the purchaser while in possession of the latter. That has happened in. this instance, and the lien relied upon by the appellant is unavailing as against a creditor. Jennings v. Gray, 13 Ills., 610; Brundage v. Camp, 21 ib., 330; McCormick v. Hadden, 37 ib., 370.
As the case was tried by the court, and as that part of the evidence, as to which there is no controversy, fully sustains the finding, it is not necessary to decide upon the admissibility of the residue. Even if improperly admitted, its exclusion would not have changed the result.
Judgment affirmed.