826. Transfer of ownership by satisfied judgment.

Where damages for wrongful interference are, or would fall to be, assessed on the footing that the claimant is being compensated for the whole of his interest in the goods or for the whole of his interest in the goods subject to a reduction for contributory negligence, payment of the assessed damages, under all heads, or, as the case may be, settlement of a claim1 for damages for the wrong, under all heads, extinguishes the claimant's title to that interest2. The above provisions:

  1.  

    (1)     do not apply where damages are assessed on the footing that the claimant is being