Chandler State Bank v. Dorsey

McKAY, Justice.

This is a suit for conversion of an automobile.

Appellee, Billy Dorsey (Dorsey), who had borrowed from Chandler State Bank, appellant (bank), brought suit against the bank and its officer, Phillip Hale (Hale) for conversion of a pickup truck. The bank pled that it had not released possession of the collateral security (delivered to the bank by a co-maker of the note) since Dorsey had failed to comply with insurance requirements, had obtained the loan through misrepresentation, and because the security was impaired.

Trial was had to a jury, and based upon the verdict, the trial…