Fin-Ag, Inc. v. Feldman Bros.
South Dakota Supreme Court
1Opinion of the Court
SABERS, Justice.
[¶ 1.] Fin-Ag appeals the trial court’s dismissal of its conversion claims against NBP, Inc. (NBP), a Minnesota corporation, Feldman Brothers (Feldman), and Haas Livestock Selling Agency (Haas Livestock) for more than $327,000. Fin-Ag claims it has a security interest in Nathan Shaull’s (Shaull) accounts receivable and NBP’s settlement of its account debt for cattle feed by trading 393 head of cattle to HS Cattle 1 and Shaull did not extinguish NBP’s and Feldman’s responsibility for the debt. We affirm the trial court’s dismissal of the conversion claims.
FACTS
[¶ 2.] From 1996…
2Cases cited3 opinions
- Farmers & Merchants State Bank v. TeveldalSouth Dakota Supreme Court · 1994
- Amarillo National Bank v. Komatsu Zenoah America, Inc.Court of Appeals for the Fifth Circuit · 1993
- American Bank & Trust v. ShaullSouth Dakota Supreme Court · 2004
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- In Re Estate of SmidSouth Dakota Supreme Court · 2008
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