Court Opinion

ID: 5603282
Source: CourtListenerOpinion
Date Created: 2022-01-11 03:34:57.857657+00
Date Added: 2024-06-11T08:36:51.226572
License: Public Domain

Powell, J.
We recognize that persons financially weak could' ofttimes buy property on credit more easily if sellers were always afforded a safe, speedy, and inexpensive remedy by which they could be sure that they would either get back the property or be ¡.>aid for it. We see the expediency of allowing the seller of personal property to contract that he shall hold a lien thereon as well as the title thereto, and that he shall have the choice of employing either or both of the remedies of mortgage foreclosure and trover. Therefore we have considered the question carefully, to see if we could not find some way of sustaining the present action. We can not do it without overturning time-honored and well-established principles; and we are unwilling to pose as iconoclasts, even for the sake of so good a cause.
We are sure that it was competent for the parties to agree that the payee might have an election of remedies; and this right of election the courts will recognize. The plaintiff was-to retain the title to the mules until they were fully paid for. Upon default of payment of any part of the price, he had the right to bring trover and recover the property with its reasonable hire, subject to the defendant’s right to set off any sums he may have paid on the debt. Hays v. Jordan, 85 Ga. 742 (11 S. E. 833, 9 L. R. A. 373). However, the suit in trover would have rescinded the sale and have so far destroyed the obligation to pay that no action could thereafter be maintained on the note as an evidence of indebtedness, or upon the mortgage. Glisson v. Heggie, 105 Ga. 30 (31 S. E. 118). On the other hand, the plaintiff might *136have sued his note to judgment without impairing his right there•after to maintain trover; for it' was agreed that he was- to retain the title as security for the debt until it was paid, and judgment is not payment but merely means of enforcing payment. Civil Code, §§5433-4; Hines v. Rutherford, 67 Ga. 607 (4); Dykes v. McVay, 67 Ga 502(4); Bowen v. Frick Co., 75 Ga. 786; Jones v. Snider, 99 Ga. 276 (25 S. E. 668); Canadian Typograph Co. v. Macgurn, 119 Mich. 533 (78 N. W. 542). If he had taken a mortgage on additional property, he might have foreclosed that mortgage without prejudicing his right to assert by trover or otherwise the title ■he retained as further security. But when he proceeded to foreclose the mortgage not merely against the defendant’s equity under the conditional contract of purchase, but against the whole interest in and title to the property, the necessary legal effect of his ■■action was to declare the title to be in the defendant and to waive the retention of it. A party can not maintain inconsistent remedies. An election once made, though unwisely made, is irrevocable. 15 Cyc. 357(a); 15 Cyc. 262 (vii); Rowe v. Weichselbaum Co., 3 Ga. App. 504 (60 S. E. 275); McLendon v. Finch, 2 Ga. App. 421 ((58 S. E. 690). The plaintiff may still sue his note to common-law judgment for the sum remaining due upon it after crediting the proceeds of the mortgage foreclosure. Cf. Hughes v. Mt. Vernon Bank, 4 Ga. App. 23 (60 S. E. 809).

Judgment affirmed.