First Nat. Bank v. Koechel

• Decision Date: 07 April 1896
• Parties: FIRST NATIONAL BANK OF REDFIELD, Plaintiff and appellant, v. KOECHEL, Defendant and respondent.
• Court: South Dakota Supreme Court

8 S.D. 391

66 N.W. 933

FIRST NATIONAL BANK OF REDFIELD, Plaintiff and appellant,

v.

KOECHEL, Defendant and respondent. South Dakota Supreme Court Appeal from Circuit Court, Spink County, SD Hon. A. W. Campbell, Judge Reversed Howard & Walsh Attorneys for appellant. Sterling & Morris Attorneys for respondent, Opinion filed April 7, 1896

HANEY, J.

This is an action in claim and delivery to recover possession of a colt, Plaintiff claims under a chattel mortgage; defendant as a subsequent purchaser, without notice. The only question involved is the sufficiency of the description in the mortgage. An instrument, duly executed by J. M. Carico and S. E. Beddow, and filed in the proper county, mortgages to plaintiff property described as follows:

“One black mare, 3 years old, weight 950 lbs.; one mouse color mare, 3 years old, weight 900 lbs.; one buckskin mare, 7 years old, weight 900 lbs.; one yearling colt, color sorrel, 4 white feet; one sorrel horse with white spots, 4 years old, weight 1,150 lbs. All of said property being now in the possession of said mortgagors, in the village of Crandon, owned by them and free from all incumbrance, and being the only property of this description in his possession.”

After the filing of this mortgage, and without an examination of the record, defendant purchased a colt of Carico, the possession of which plaintiff seeks to recover in this action. Defendant is presumed to have known, when such purchase was made, what the record revealed, and what would have resulted from such inquiries as the record itself suggested. If a person of ordinary prudence, acting in good faith, and making the inquiries suggested by the mortgage, would have been enabled to identify the mortgaged property, the description is sufficient. 1 Cobbey, Chat. Mortg. § 161; Schmidt v, Bender (Kan, Sup. ) 18 Pac, 491; King v. Aultman, 24 Kan, 246; Adamson v. Fagan, (Minn.) 47 N.W. 56; Yant v. Harvey, 55 Iowa 421, 7 N.W. 675. It was shown, conclusively, that Carico had only one colt of any description in his possession, at Crandon, during the fall of 1892. As it does not appear that Beddow had any, the fair inference is that he had none. Then the only colt in the possession of either was the one purchased by defendant, It was foaled April 21, 1892, had four white feet, a white strip in the face, and its color was any shade of sorrel or bay, according to the individual notions of color entertained by numerous...