CREDIT ALLIANCE v. AMHOIST CREDIT

A8209-05542; CA A30521.

702 P.2d 1121 (1985)

74 Or.App. 257

CREDIT ALLIANCE CORPORATION, a Corporation, Respondent, v. AMHOIST CREDIT CORPORATION, Fna Machinery Investment Corporation, a Corporation; and American Hoist & Derrick Company, a Corporation Dba AmHoist, Appellants.

Court of Appeals of Oregon.

Decided July 3, 1985.


Attorney(s) appearing for the Case

Stephen S. Walters, Portland, argued the cause and filed the briefs for appellants.

John P. Davenport, III, Portland, argued the cause and filed the brief for respondent.

Before JOSEPH, C.J., and WARDEN and NEWMAN, JJ.


NEWMAN, Judge.

Defendant1 appeals a judgment for $625,000 damages for conversion. We affirm.

Plaintiff, a commercial lender, and defendant, an equipment manufacturer, held conflicting security interests in four pieces of heavy equipment that Layton Sales and Supply Company (Layton), a retail seller of equipment, owned. Under two loan agreements between plaintiff, as mortgagee, and Layton, as mortgagor, dated April 12, 1978, and...

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