First Interstate Bank of Arizona, N.A. v. Interfund Corporation

GOLDBERG, Circuit Judge:

Interfund Corporation (“Interfund”) appeals a judgment entered against it in the amount of $200,000, in favor of First Interstate Bank of Arizona, N.A. (“First Interstate”). Interfund and First Interstate are competing creditors of Bentwood Farms, Inc. (“Bentwood”), a large Arabian horse farm near Waco, Texas. First Interstate sued Interfund for conversion and unjust enrichment, after First Interstate sent In-terfund a promissory note and a horse registration certificate because Interfund was considering purchasing the note. Inter-fund declined to purchase the paper,…