Trust Co. of Columbus v. Kite

Quillian, Chief Judge.

This is an action for damages for conversion of property.

Appellees Kite, husband and wife, operated a motorcycle sales and service shop and utilized appellant Trust Company of Columbus (bank) to finance their business. Motorcycles purchased for sale were paid for by a floorplan financing agreement with the bank with the motorcycles as collateral. Other operations were funded by personal notes of the Kites. In December, 1977 the Kites decided to terminate the business and to sell their inventory to pay off their indebtedness to the bank. At that time, the Kites’…