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PRODUCTION CREDIT ASSO. v. EQUITY COOP LIVESTOCK

No. 75-622.

82 Wis.2d 5 (1978)

261 N.W.2d 127

PRODUCTION CREDIT ASSOCIATION OF CHIPPEWA FALLS, Appellant, v. EQUITY COOP LIVESTOCK SALES ASSOCIATION, Respondent.

Supreme Court of Wisconsin.

Decided January 3, 1978.

Attorney(s) appearing for the Case

For the appellant the cause was submitted on the brief of Vance L. Sinclair, attorney, of Chippewa Falls, and Ross & Stevens, S. C., of counsel, of Madison.

For the respondent the cause was submitted on the brief of Axley, Brynelson, Herrick & Gehl of Madison.

ABRAHAMSON, J.

The issue on appeal is whether a livestock auctioneer may be held liable in conversion for selling a farmer's cattle and paying the proceeds of the sale to the farmer when the cattle are subject to a third party's security interest.

The facts were stipulated. Production Credit Association of Chippewa Falls (PCA) made a loan to Dennis and Julie Johnson on or about March 6, 1972,1 for use in the Johnsons' dairy farming...

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