Conoco, Inc. v. Amarillo National Bank

JOHN T. BOYD, Chief Justice.

This appeal arises from a suit in which Amarillo National Bank (ANB) claimed that Conoco Inc. (Conoco) converted its collateral; namely, certain accounts receivable in the form of credit card proceeds generated by Centergas Incorporated (Centergas). Conoco denied the conversion and asserted the affirmative defenses of offset, consent, waiver and limitations. ANB responded to the limitations defense by asserting the discovery rule. Both parties filed motions for summary judgment, and the trial court ruled that Conoco had converted ANB’s collateral as a matter of…