Securities Investment Corp. v. Indiana Truck Corp.

This is an action for the conversion of a truck. After trial on a stipulation of facts, the court entered judgment for defendant, dismissing the action of plaintiff with prejudice. Plaintiff appealed.

Though the facts were all stipulated, the parties reserved the right to make leg-al objection to the admission in evidence of some of the facts.

The plaintiff, a Nebraska corporation with its principal place of business in Omaha, was engaged in the business of purchasing notes, mortgages and other securities given to retail dealers .in connection with the retail sale of automobiles and trucks. The…