Utah Farm Production Credit Ass'n v. Hansen

OPINION

DAVIDSON, Judge:

Plaintiff Utah Farm Production Credit Association (PCA) appeals from a special verdict finding that defendant Spanish Fork Livestock Auction (Spanish Fork) did not convert cattle or the proceeds of their sale when it sold cattle in which PCA had a perfected security interest. Plaintiff seeks a reversal of the judgment or, failing that, a new trial. We affirm.

Defendant Hansen and his wife entered into a loan arrangement with plaintiff on June 4, 1979. The purpose was to provide continuous funding for Hansen’s ranching operation. In return, Hansen executed security…