Franklin National Bank v. Boser

OPINION

CORNELIUS, Chief Justice.

This case involves the priority of security interests in cattle. Franklin National Bank (“Franklin”), the senior security 'interest holder in all of Toby Godfrey’s cattle, seized and sold all of Godfrey’s cattle after it was notified that Godfrey was quitting the dairy business. Some of the cattle Franklin sold were also subject to a junior security interest held by Richard Boser (“Boser”). Boser suéd Franklin in a declaratory judgment action for conversion. Boser received a favorable jury verdict, and the trial court rendered judgment in his favor for…