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BANCORP LEASING v. STADELI PUMP

TC 144821; CA A34773; SC S33337.

739 P.2d 548 (1987)

303 Or. 545

BANCORP LEASING and Financial Corp., an Oregon Corporation, Respondent On Review, v. STADELI PUMP & Construction, Inc., an Oregon Corporation; Windsor Island Sand & Gravel, Inc., an Oregon Corporation; Otto B. Stadeli; Larry Stadeli; and Marvin R. Stadeli, Defendants, Otto B. Stadeli, Petitioner On Review.

Supreme Court of Oregon.

Decided July 8, 1987.

Attorney(s) appearing for the Case

Robert J. Thorbeck, Salem, argued the cause and filed the brief for petitioner on review.

Thomas E. Ewing, Salem, argued the cause for respondent on review. With him on the briefs were Mark B. Comstock and Garrett, Seideman, Hemann, Robertson & De Muniz, P.C., Salem.

Before PETERSON, C.J., and LENT, LINDE, CAMPBELL, CARSON and JONES, JJ.

LENT, Justice.

Defendant Otto Stadeli (Stadeli) purchased a replacement engine for a dump truck that was owned by Stadeli Pump & Construction, Inc. (SP & C), but in which plaintiff Bancorp Leasing and Financial Corp. (Bancorp) had a perfected security interest. After SP & C defaulted on its obligations to Bancorp, Stadeli removed the engine and sold it before Bancorp could take possession of the truck. Bancorp then brought this action for conversion of...

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