Summary

by John Marshall Harlan Arkansas Valley Land Cattle Company v…

Any other interpretation would, in effect, declare that title could, in no case, pass to a buyer while possession remains with the seller for any purpose whatever. Slagle and Jordan certainly intended to vest Mann with the title, at the date of the bill of sale in question; for that instrument recitesthat the owners had, on the day of its execution, 'sold' the cattle to him, and that recital is followed by clauses guarantying the title, and providing the mode in which the buyer was to make payment. Here are all the elements of an actual sale, as distinguished from an executory agreement.
Source: Wikisource

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