Gretna State Bank v. Cornbelt Livestock Co.

This is an action in conversion by the plaintiff, Gretna State Bank (Bank), against the defendant, Cornbelt Livestock Company. The petition alleged that from April 3 through December 5,1985, the defendant, which is a marketing agency, sold dairy cattle owned by Gordon Schuemann in which the plaintiff had a perfected security interest. The defendant’s answer alleged, among other defenses, that the plaintiff had consented to and authorized the sales of Schuemann’s cattle.

The defendant’s motion for a directed verdict was overruled, and the case was submitted to the jury. The jury found for the…