Majority
Headnote
1. Conditional Sales—Remedies op Seller—Election.The plaintiff brings this action to recover damages for the alleged conversion by the defendant of a piano which the plain
The plaintiff’s title to the piano was doubtless subject to whatever interest the defendant, as assignee of Reid, acquired therein by reason of the original contract of sale. This contract, as' has been stated, was a conditional one, and by its provisions the vendor reserved to himself the right to terminate the same, and take the piano from the possession of the vendee, in the event that the latter did not make his payments according to the terms of the contract, which it is virtually conceded he failed to do. It consequently follows that the plaintiff, as vendee of her husband, obtained no title to the piano as against the defendant, provided the latter is in a position to assert the right hereinbefore referred to, which the contract secured to his assignor. The simple question, therefore, to be determined upon this review is whether or not the defendant is estopped from terminating the contract, and claiming title to the piano, by reason of the action brought upon the $300 note by his vendor, Reid. This note, as has been stated, represents the unpaid purchase price of the piano; and although there is some evidence tending to show that it was taken by Reid as collateral to, and not in satisfaction of, the contract, it was nevertheless received by him in lieu of the money payments therein specifically provided; for he not only had it discounted at the bank, but, after it matured, he attempted to collect the same by action, alleging in his complaint that the note was given for a good and valuable consideration. This we think was clearly an election on the part of Reid to pursue one of two inconsistent remedies, either of which was available to him at the time such election was made; and, having elected to resort to an action upon the note, he has concluded himself and all persons claiming' under him from asserting his or their right under the contract to retake the piano. In other words, he has treated the note as a payment of the purchase price of the piano, and has thereby deprived himself and his assignee of the right to resort to the alternative remedy. Wright v. Pierce, 4 Hun, 351 ; Boots v. Ferguson, 46 Hun, 129 ; Kinney v. Kiernan, 49 N. Y. 164 ; 6 Am. & Eng. Enc. Law (1st Ed.) p. 250.
It is urged, however, that, the action thus commenced having been discontinued before it had been prosecuted to judgment, the defend
The judgment appealed from should be reversed, and a new trial granted, with costs to the appellant to abide the event.
Cases cited
- Kinney v. Kiernan 49 N. Y. 164 p. 1009