Washakie Livestock Loan Co. v. Meigh

62 P.2d 523, 50 Wyo. 480, 107 A.L.R. 1063, 1936 Wyo. LEXIS 30
CourtWyoming Supreme Court
DecidedNovember 24, 1936
Docket1984
StatusPublished
Cited by9 cases

This text of 62 P.2d 523 (Washakie Livestock Loan Co. v. Meigh) 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
Washakie Livestock Loan Co. v. Meigh, 62 P.2d 523, 50 Wyo. 480, 107 A.L.R. 1063, 1936 Wyo. LEXIS 30 (Wyo. 1936).

Opinion

*485 Riner, Justice.

Direct appeal proceedings bring this case here a second time to review a judgment of the district court of Fremont County rendered and entered therein on September 5, 1935. On the former appeal (No. 1840, Washakie Livestock Loan Company v. Bob Meigh, et al., 47 Wyo. 161, 33 Pac. (2d) 922) this court was compelled by law to reverse the judgment which had been theretofore rendered, because the judge who then tried the case was disqualified to sit on account of an affidavit of prejudice filed in due time as prescribed by Sections 89-1101, 89-1104 W. R. S. 1931.

For the sake of brevity the plaintiff and appellant will be usually hereinafter designated as the “plaintiff” or the “mortgagee,” and the defendants and respondents, other than Bob Meigh and the Meigh Livestock Company, as the “lien claimants” or by their respective names.

A sufficient statement of the contents of practically all the pleadings of the parties to this litigation was set forth in the opinion which disposed of the former appeal, and it will be unnecessary at this time to repeat it. It may be added, however, that the separate answers of Bob Meigh and the Meigh Livestock Company to plaintiff’s petition were in the nature of general denials, except that Meigh admitted that on November 27, 1931, he executed and delivered to plaintiff the chattel mortgage pleaded in plaintiff’s petition and the Meigh Livestock Company admitted that it was then the owner of the property described in said mortgage. The answer of the plaintiff to the counterclaim of the lien claimants was a general denial and *486 an assertion that the lien of said mortgage was superior to the alleged liens in said counterclaim set forth. It will be observed that the real controversy in the case arose between the mortgagee and the several lien claimants.

When the case came on for retrial after the mandate issued on the previous appeal had been filed in the district court, the parties entered into a stipulation for the trial anew before another district judge, and “that upon such re-trial no additional testimony will be introduced by the parties, but that the cause will be submitted upon the transcript of testimony and exhibits offered and introduced at the previous trial of this action, leaving the sole question for decision by the court to be the liability, if any, existing in law in favor of cross-petitioning defendants against plaintiff by application of the law to the facts appearing and proven by said record and transcript of testimony herein.” After argument heard upon the record thus submitted, the trial court entered judgment against the plaintiff, finding generally in favor of the lien claimants and decreeing that each of them recover from the plaintiff the stated amounts in said judgment recited. The record as now made up submits this action of the trial court before us for review.

The essential facts to be gathered from the evidence in the cause appear to be these: On November 27, 1931, Bob Meigh, being then the owner of certain cattle, sheep and other personal property, executed and delivered to the plaintiff a chattel mortgage thereon, which was shortly thereafter duly filed in both Natrona and Fremont Counties. This mortgage was given to secure the payment of Meigh’s two promissory notes of even date therewith, one for $9,470 and the other for $1,360, payable to plaintiff, and also future advancements not to exceed the ultimate in all, $15,000. The instrument recited that it was also subject to a *487 prior mortgage of the same date to plaintiff securing two notes for 827,000 and ?1,300 respectively and future advances up to §35,000. Parenthetically it may be remarked here that this mortgage was indorsed to the Federal Intermediate Credit Bank. Other than the incumbrances thus referred to the instrument stated that the property mortgaged was free from all incum-brances, that Meigh was at the time of the execution of the mortgage in the possession of and owner of said property, “that he has good and lawful right to sell and convey the same as aforesaid and that he will warrant and defend the same against the lawful claims and demands of all persons whomsoever.”

It developed in the cross-examination of Mr. Healy, the president of the plaintiff, that this mortgage of November 27, 1931, was a renewal of other indebtedness extending back as far as the year 1927, said indebtedness consisting of advances made to Meigh by plaintiff from time to time, renewals being made yearly and all secured by mortgages. In order to obtain the loan involved as well as the renewal and extension of most of the debt which said mortgage secured, Meigh also on November 27, 1931, made a sworn property statement to the mortgagee, and on oath stated relative to the property covered by the mortgage that,

“For the purpose of securing the loan applied for above, I hereby submit this application and hereby represent and guarantee that the statements contained herein are true and correct, and that I have suppressed no information about the property offered as security which would adversely affect its value. I further represent that I am in open and peaceable possession of the property offered as security, that it is free from incumbrance, except as follows: As listed on statement — and that my title thereto is not questioned, nor do I know of any claim that might give rise to adverse claim of my possession.”

*488 This statement listed no incumbrances upon said personal property, except the two mortgages aforesaid and current taxes. It stated also that old store bills existed to the extent of $1,550 and wages in the amount of $1,200 were listed as accounts payable. Mr. Healy testified also that the sheep in question were of the value of between $12,000 and $13,000 at the time they were taken on the writ of replevin. This witness in his rebuttal testimony stated that his company advanced to Meigh from November 1, 1931, to November 1, 1932, in excess of $8,400 for running the sheep; that from November 1, 1930, to November 1, 1931, a larger sum than that was advanced to Meigh for the same purpose; and that he would say these amounts would be sufficient to meet the current yearly expenses of a sheep outfit such as Meigh had; that he, Healy, saw no difference in the manner of handling or controlling the sheep at the time he visited them and that no knowledge of a change in that respect was brought to his attention.

So far as the lien claimants are concerned, the present controversy concerns only the sheep included in the mortgage aforesaid. Only one of the lien claimants testified on the trial, Henry Gomez.

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Cite This Page — Counsel Stack

Bluebook (online)
62 P.2d 523, 50 Wyo. 480, 107 A.L.R. 1063, 1936 Wyo. LEXIS 30, Counsel Stack Legal Research, https://law.counselstack.com/opinion/washakie-livestock-loan-co-v-meigh-wyo-1936.