Farmers State Bank v. Farmland Foods, Inc.

Plaintiff-appellant, Farmers State Bank (hereafter Bank), brought this action for conversion against the defendantappellee, Farmland Foods, Inc. (Farmland), for damages *2based on Farmland’s purchase of hogs which were subject to the Bank’s security interest. Farmland answered, generally denying it was liable to the Bank in any amount and setting out various defenses to the Bank’s action, including the defense that the Bank had impliedly consented to the sale of hogs to Farmland and thus waived the Bank’s security interest in that collateral. The case was tried to a jury. At the close of all of…