Erlandson Implement, Inc. v. First State Bank of Brownsdale

OPINION

NIERENGARTEN, Judge.

The trial court ruled that appellant First State Bank of Brownsdale (the Bank) wrongfully took and sold certain farm machinery in satisfaction of its own interests ahead of two farm implement dealers who contended they had priority purchase money security interests. The trial court concluded that the sale constituted a conversion and that the Bank was liable to the dealers for damages totaling $19,569.77, and costs and attorney fees totaling $4,470. The Bank contends the trial court was incorrect in concluding that it “authorized” its debtors to trade farm machinery…