Citizens' Nat. Bank of Cheyenne v. Puckett

254 P. 128, 251 P. 128, 36 Wyo. 232, 1927 Wyo. LEXIS 29
CourtWyoming Supreme Court
DecidedMarch 22, 1927
Docket1285
StatusPublished
Cited by1 cases

This text of 254 P. 128 (Citizens' Nat. Bank of Cheyenne v. Puckett) is published on Counsel Stack Legal Research, covering Wyoming Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Citizens' Nat. Bank of Cheyenne v. Puckett, 254 P. 128, 251 P. 128, 36 Wyo. 232, 1927 Wyo. LEXIS 29 (Wyo. 1927).

Opinion

BluMe, Chief Justice.

This is an action in replevin, brought by the Citizens National Bank of Cheyenne, Wyoming, against A. L. *235 Puckett. From an adverse judgment plaintiff appeals. Tbe parties will be referred to as in the ease below.

On December 31, 1920, A. L. Puckett executed promissory notes aggregating $10,500, to the Citizens State Bank of Upton, all due within six months thereafter. These notes were duly transferred before maturity to the plaintiff, the Citizens National Bank of Cheyenne. The notes were secured by a chattel mortgage on the general stock of merchandise owned by Puckett in the town of Upton. The mortgage permitted the mortgagor to sell the property in due course of trade and to substitute other property therefor, as provided by section 4698, W. C. S. 1920, except that such permission was dependent upon “the written consent of the mortgagee” — a clause not contained in the statute authorizing such permission to sell. The notes were not paid at maturity and the bank, through John P. Busk, its agent, made efforts to collect them. At that time Puckett also owed considerable money to various wholesalers who had sold him merchandise for the store, including the Crawford Mercantile Company and others who intervened in this action and who will hereinafter be called the intervenors. On June 1, 1922, the Pioneer Mercantile Company, a corporation of Upton, Wyoming, was willing to buy the stock of merchandise from Puckett, and on that date a tripartite written agreement was entered into by and between that corporation, as party of the first part, A. L. Puckett, as party of the second part, and Citizens National Bank of Cheyenne, as party of the third part. The agreement provided, in brief, that it was-the intention of the parties that the Pioneer Mercantile Company should take over the stock of merchandise aforesaid, together with the fixtures, paying the invoice price for the stock of merchandise and $1,000 for the fixtures; that the money realized from the sale should be paid to Busk, as agent for the Citizens National Bank; that the wholesalers should first be paid and that the balance should be applied upon the notes due and *236 owing to tbe bank, which, thereupon should release the chattel mortgage aforesaid so as to give a clear title to the Pioneer Mercantile Company; that Puckett should furnish an itemized statement of the account due and owing, as contemplated by the Bulk Sales Law of this state; and that an inventory of the property should be taken immediately. The testimony shows that it was considered by the parties at the time that the contract aforesaid was entered into, that the accounts due and owing, as above mentioned, would not amount to more than $3,000; that the value of the stock of merchandise and of the fixtures was approximately $8,000 to $9,000, which would leave to be applied upon the indebtedness to the bank approximately $5,000 to $6,000. That this, as we read the record, was believed to be the situation, is not seriously disputed, if at all. An inventory was taken of the merchandise, commencing on June 3rd or 4th, 1922, and finished within a day or two thereafter. This showed a valuation of only $2500, and, together with the amount agreed to be paid for the fixtures, made only $3500, instead of at least $8,000. It further appeared from an itemized statement furnished by Puckett, that the accounts due to wholesalers, instead of amounting to $3,000 or less, amounted to about $5500, making it impossible to pay even the wholesalers, as contemplated by the agreement aforesaid. The conduct of the parties immediately subsequent to the time that this actual situation appeared is not altogether clear. Evidently they were uncertain what to do. Puckett asked for time to find some other purchaser who would give more for the property. This request was refused and it is clear that the Pioneer Mercantile Company would not have gone on with the intended purchase except upon finding some way — which was never found — to satisfy the wholesalers, in accordance with the agreement aforesaid, aside from requiring the release of the chattel mortgage held by the bank. In any event, nothing further was done under the agreement, and on June 10, 1922, the bank *237 brought their action heretofore mentioned. A writ of replevin was issued, the sheriff took possession of the property and, upon plaintiff giving bond, turned it over to Rusk, as the agent of the bank, who proceeded to foreclose the mortgage.

Within a few days thereafter the intervenors herein obtained a judgment against A. L. Puckett — most of them by confession — issued an execution thereon and seized the same property which had previously been taken under the writ of replevin. And they all, thereafter, upon motion made and leave granted, intervened in plaintiff’s action in replevin, claiming the right of possession of the property, among other reasons because they had seized the property under execution and because the plaintiff should be held to have been paid through the sales made by Puckett, though not applied on the mortgage — basing the latter claim on the fact that such sales were asquiesced in by the bank without giving the written consent required by the terms of the mortgage. The case was tried to the court, without the intervention of a jury, upon the petition of the bank, the answer o'f A. L. Puckett and the issues joined between the original parties and the inter-venors. The court rendered judgment on September 5, 1924, finding against the intervenors as well as the bank, and adjudging that the defendant Puckett had the fight of possession of said property at the time of the commencement of the action. The bank alone appealed.

It is contended that though the judgment in the court below was adverse to' the intervenors, and though they have not appealed, their rights may be considered and adjudicated in this court, in view of the fact that the bank has appealed from the judgment aforesaid and the whole of it. This contention cannot, however, be sustained. The plaintiff took an appeal from the judgment in so far as it was adverse to it, and not, of course, in so far as it was in its favor. In.4 C. J. 694 it is said:

*238 “By the great weight of authority an appellee or defendant in error is not entitled, in the absence of a statute authorizing cross assignments of error, to present for review exceptions taken by him to rulings, orders, instructions, decisions or findings of the trial court unless he has taken or sued out a separate, or cross, appeal, petition in error or writ of error. ’ ’

This rule has already, we think, been established in this state by three separate decisions, namely those of Johnson v. Golden, 6 Wyo. 537, 48 P. 196; Wolbol v. Steinhoff, 25 Wyo. 227, 256, 168 P. 251, 170 P. 381, and Hall Oil Company v. Barquin, 33 Wyo. 92, 163, 237 P. 255. In the first of these cases the court said:

“And the general rule is that an appellee can reap no advantage from adverse rulings unless he properly presents them on appeal by properly assigning them as the law and rules of the court direct. ’ ’

In the second of these eases the defendants in error complained of the refusal of the court to separate legal and equitable issues in the trial, but this court said:

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Bluebook (online)
254 P. 128, 251 P. 128, 36 Wyo. 232, 1927 Wyo. LEXIS 29, Counsel Stack Legal Research, https://law.counselstack.com/opinion/citizens-nat-bank-of-cheyenne-v-puckett-wyo-1927.