Independence Discount Corp. v. Bressner

In an action, inter alia, to recover for conversion of the proceeds of the sale of secured merchandise, defendants appeal from a judgment of the Supreme Court, Nassau County, entered January 31, 1974, in favor of plaintiff after a nonjury trial. Judgment reversed, on the law, with costs, and complaint dismissed. Plaintiff financed the purchase of certain appliances by Bressner Colorvision Corp. In return, Colorvision granted a security interest to plaintiff in all its future inventory of Phileo-Pord household appliances and in all proceeds of the sale or other distribution thereof. The…