44 How. Pr. 209 | The Superior Court of New York City | 1872
It may well be that the doctrine of Brown agt. Cook (3 E. D. Smith, 123) and Howland agt. Willett (3 Sandf., 607), to the effect, that where a chattel mortgage is payable on demand, it is payable immediately, and no demand of payment is necessary, before the mortgagor can maintain an action against the sheriff for taking the mortgagéd property under an execution against the mortgagor, has been shaken by the decisions of the court of appeals in Hull agt. Carnley (1 Kern, 501); Hull agt. Carnley, executrix (17 N. Y., 202); Goulett agt. Asseler (22 N. Y., 225); Manning agt. Monahan (23 N. Y., 539, and S. C., 28 N. Y., 585), by which that tribunal, as the court of last resort, settled the law of this state to be, that the mortgagor’s possessory right for a definite period in the chattels mortgaged, coupled with his right of redemption, constitutes an interest which is liable to levy and sale on execution. But whether such really is or is not the indirect result of the last named decisions, and whether a mortgagor possessory right under a chattel mortgage payable on demand, and, therefore, payable immediately, does or does not constitute a leviable interest within the true meaning of these decisions, are questions which we do not deem necessary to determine here.
The objection that plaintiff failed to show a demand upon the mortgagor, does not seem to have been raised below. At the close of the plaintiff’s evidence no motion was made for a non suit on the ground that plaintiff had not shown enough to maintain the action. The proof showed, that a written
The only question, therefore, remaining for our consideration is, whether or not plaintiff’s mortgage, which has not been impeached as fraudulent against creditors, ceased to be valid against the execution creditors, represented by the defendant by reason of plaintiff’s omission to refile a true copy pursuant to the requirements of the statute.
The evidence shows that the mortgage, which was payable on demand, was executed on the 4th of May, 1867; that
Curtis, J., concurred.