19 S.D. 506 | S.D. | 1905
Claiming to be the owner of a certain piano, upon which an execution had been levied as the property of a judgment debtor (one Edward Selwinder), plaintiff brought this action in claim and delivery to recover its possession, and has saved certain questions for review on this- appeal from a judgment in favor of the defendant, and an order overruling her motion for a new trial. The written iristrumaht under' which the piano was delivered to Edward Selwinder, and npou which appellant relies, is denominated a “lease,” and acknowledges the receipt of $50 paid in cash, and provides for the further'payment of $200 in monthly installments of ’$10 ' each, with interest at 7 per cent, per ■ annum from date until'fully paid, together with attorney’s fees in case‘of default. The-piano is to remain the property of appellant, and Selwinder's failure to strictly comply with the contract results in the.' forfeiture of the piano and all prévious payments-, and agrees not to remove it from his premises or part with the possession thereof without first obtaining her written consent.' It is ex
Whether a conditional sale or a lease is evidenced by a contract depends, infinitely more upon its expressed conditions than upon the name given it to impress the transaction with the characteristics of an. instrument executed to secure a debt, and at the same time avoid the necessity of foreclosure by retaining ownership of the property until the purchase price has been fully paid. So, as in this case,- where .title to specific personal property is to pass to the person taking possession thereof upon the completion of stipulated payments, together with interest and attorney’s fees for collecting the amount in case of default, the term “lease” is a misnomer, and the transaction a conditional sale, inexact accordance-with the intention-of the parties.. Authorities are abundant in support of the suggestion that a transaction, by whatever name, is a conditional sale whenever payment is a prerequisite to the passing of title,, and contracts framed to partake more of the qualities, of a lease than the one before us have been so construed in the following cases: Nye v. Daniels, 75 Vt. 81, 53 Atl. 150; Herring-Marvin Co. v. Smith, 43 Or. 315, 72 Pac. 704; Hine v. Roberts, 40 Am. Rep. 170; Murch v. Wright, 46 Ill. 487; Huffard v. Akers, 52 W. Va. 21, 43 S. E. 124; Smith v. Williams, 90 App. Div. 507, 85 N. Y. Supp. 506; Hervey v. R. I. Locomotive Works, 93 U. S. 664, 23 L. Ed. 1003. The undisputed evidence'shows, and the court found, “that at the time of the execution of said contract, and at all times sine© said date, the said Edward Selwinder was a resident of Rapid City, Penning
Counsel for appellant, admitting for the-sake of argument' that the statute is constitutional and the-transaction under consideration a conditional sate, zealously maintains that on the-14th day of August, 1903, when the exeeution was issued a-nd served, the piano in question was not subject to levy and sale because such provision was repealed by a legislative enact’ meht approved February 25, 1903, providing that '“this act shall lake effect and be in force from and after the first day of July; 1903, at twelve o’clock, meridian ofthatday..” In futherance of a revisionary system, the Legislature at an earlier day of the'session i-e-'enacted, simultaneously with practically all othy er existing statutes, section 1, p. 56, c. 36 of the laws of 1893,.as section-1315 of the Revised Civil Code, and also provided that the same “shall take effect and be in force from and after the first day of July, 1903, at twelve o’clock meridian of that day.” It will-tints-be seen- that the repealing act did not become opera
Under all accessible authorities, and in accordance with the intention of the Legislature, expressed in plain language, this prior act, re-enacted to take effect at a specified time, is not interrupted by the subsequent repealing act, which was not to go into effect until the re-enactment became operative.
. The judgment appealed from is affirmed.