Reed v. State

PRATHER, Justice,

for the Court:

The decisive question in this appeal is whether a business transaction between a wholesale dealer of cars and the seller constituted an entrustment of the automobiles and a subsequent conversion or whether the transaction was a sale which would not give rise to an embezzlement charge. Holding that the transaction was a sale and that the charge of embezzlement was inappropriate, this Court vacates the conviction and discharges the defendant.

I

On January 24, 1986, Harold Reed was indicted in the Circuit Court of DeSoto County for embezzling or converting to his own…