First National Bank of Amarillo v. LaJoie

BERRY, Justice:

This is appeal from trial court’s judgment in replevin action.

First National Bank of Amarillo filed replevin action against Robert L. Lajoie [appellee]. It alleged right to possession of 1964 Chevrolet Corvette pursuant to terms of security agreement executed by appellee. While action was pending, bank acquired possession of Corvette and it was sold. Appellee filed answer and cross-petition alleging bank’s security interest was void and requesting Corvette, or value thereof, be returned to him.

After hearing bank’s evidence, trial court found bank’s security interest in Corvette…