Caldwell Wholesale Co. v. Central Oil & Supply Corp.

li PEATROSS, J.

This appeal arises from a judgment against Defendants, Central Oil & Supply Corporation (“Central Oil”), Robert E. Powell and C-Store Services, Inc. (“C-Store”), in favor of Plaintiff, Caldwell Wholesale Company, Inc. (“Caldwell”), in the amount of $319,008.08, constituting inventory advanced to Defendant, C-Store, a chain of convenience stores which were later given over to Central Oil pursuant to a dation en paiement. Central Oil has appealed.1 For the reasons stated herein, we reverse.

*686FACTS AND PROCEDURAL HISTORY

The impetus of this action was the failure of a chain of…