Philadelphia Factors, Inc. v. Working Data Group, Inc.

¶ 1 The Working Data Group, Inc. appeals from the order sustaining preliminary objections against it on its claim for conversion against Sovereign Bank.1 We affirm.

¶2 Working Data was having financial difficulties. It had done some consulting work for American Water Works Service Company. They sold their accounts receivable from American Water Works to Philadelphia Factors, Inc. The agreement *1263was that all accounts receivable from American Water Works were to be paid to Philadelphia Factors. Instead, American Water Works directly deposited the fee due to Working Data to a Working Data account…