Baxter v. Bevill, Phillips & Co.
District Court, S.D. Alabama
In Equity. Action by H. E. Baxter, as trustee in bankruptcy, of J. A. Harvey, against Bevill, Phillips & Co. and others. Judgment for defendants.
1Opinion of the Court
TOULMIN, District Judge.
[1] There must be a delivery of the possession of the property pledged to the pledgee, to give rise to the lien in his favor. Security Warehousing Co. v. Hand, 143 Fed. 32, 74 C. C. A. 186; 22 Am. & Eng. Encyc. of Law (2d Ed.) 853; Casey v. Cavaroc, 96 U. S. 467, 24 L. Ed. 779; Christian v. Atlantic & N. C. Railroad, 133 U. S. 241, 10 Sup. Ct. 260, 33 L. Ed. 589. _
_ Possession is of the essence of a pledge, and without it no privilege can exist against third persons. Authorities, supra. Such possession, to give validity at law to the pledge, must be complete,…
2Cases cited14 opinions
- Thompson v. FairbanksSupreme Court of the United States · 1905
- Hewit v. Berlin MacHine WorksSupreme Court of the United States · 1904
- Hartford Fire Insurance v. Chicago, Milwaukee & St. Paul Railway Co.Supreme Court of the United States · 1899
- Casey v. CavarocSupreme Court of the United States · 1878
- Hurley v. Atchison, Topeka & Santa Fe Railway Co.Supreme Court of the United States · 1909
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3Cited by7 opinions
- Pierce v. National Bank of CommerceCourt of Appeals for the Eighth Circuit · 1920
- Union Trust Co. of Maryland v. TownshendCourt of Appeals for the Fourth Circuit · 1939
- M. M. Landy, Inc. v. John Nicholas, as Receiver of Continental Charterers, Inc., BankruptCourt of Appeals for the Fifth Circuit · 1955
- Atherton v. BeamanCourt of Appeals for the First Circuit · 1920
- In re Goodhue Motor Co.District Court, D. Maryland · 1928
2 more not listed; retrieve them via the Exa API.