Lyman v. Bowe

— The chattel mortgages were conditioned for the payment of certain moneys on demand. No demand had been made on the mortgagors,, and the respondent levied upon the property while in their- possession. The interest of mortgagors having a right to redeem, and a right to the possession of the mortgaged property for a definite period, has been many times adjudicated to-be subject to levy and sale on execution (Mattison agt. Baucus, 1 N. Y. R., 295; Hall agt. Simpson, 19 How. Pr., 481; Farrell agt. Hildreth, 38 Barb., 178).

The question presented'by this appeal is whether or not the admitted…