The complaint alleges a cause of action in conversion. The facts are not disputed. However, it is the application of law to those facts which is in contention.
In sum and substance, the complaint alleges that on or about January 24, 1963, the defendant, in order to induce the plaintiff to make a $50,000 loan to C. Ludwig Baumann & Co. Inc., and in consideration of the plaintiff's rendering financial assistance to the said...
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