Sondheimer v. Graeser
Illinois Supreme Court
Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. John Gibbons, Judge, presiding.
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Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Circuit Court of Cook county; the Hon. John Gibbons, Judge, presiding. The following is the statement of the case made by the Appellate Court: “William D. Gibson filed a bill in equity in the circuit court of Cook county, making the Gassmann Parlor Frame Company, Catharine Gassmann, William Gassmann, Fred C. Mueller, George Lesprance, Henry Sondheimer and Max Sondheimer defendants, alleging, among other things, that the Gassmann Parlor Frame Company was indebted to the complainant in the sum of…
1Opinion of the CourtJustice Wilkin
The only question in this case is whether the chattel mortgage under which appellees claim is valid, and it is questioned upon no other ground than that the holder of it failed to take possession of the property at the maturity of the secured debt. It has been often held by this court, that as between the mortgagee of chattel property and bona fide purchasers after maturity, or creditors, the mortgagee must take possession within a reasonable time after default. The rule, however, has no application between the mortgagee and mortgagor, or a purchaser from the latter before maturity. (Arnold…
2Cases cited2 opinions
- Reed v. EamesIllinois Supreme Court · 1858
- Arnold v. StockIllinois Supreme Court · 1876
3Cited by11 opinions
- Rasmussen v. McKeyCourt of Appeals for the Seventh Circuit · 1910
- Hirschfeld v. NogleDistrict Court, E.D. Illinois · 1933
- Kaibab Industries, Inc. v. Family Ready Homes, Inc.Appellate Court of Illinois · 1983
- United States v. ChristensenDistrict Court, E.D. Illinois · 1943
- Beckman v. AlbertsIllinois Supreme Court · 1931
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