Independence Discount Corp. v. Bressner

In this action tried by the court without a jury on an agreed statement of facts, plaintiff sues the two principal officers and majority stockholders of Bressner Color-vision Corp., a retailer of appliances, for $13,000, alleging conversion of the proceeds of sale of inventory financed under a security agreement dated March 13, 1972 and tortious interference with the contract. By the aforesaid agreement plaintiff financed the acquisition of inventory by the corporation, and the agreement created a secured interest in the inventory and the proceeds thereof in favor of the plaintiff. This…