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FIRST INTERSTATE BANK v. INTERFUND CORP.

No. 90-8188.

924 F.2d 588 (1991)

FIRST INTERSTATE BANK OF ARIZONA, N.A., Plaintiff-Appellee, v. INTERFUND CORPORATION, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied April 3, 1991.

Attorney(s) appearing for the Case

Lawrence B. Shallcross, Jr., San Antonio, Tex., for defendant-appellant.

Aubrey R. Williams, Pakis, Cherry, Beard & Giotes, Waco, Tex., for plaintiff-appellee.

Before GOLDBERG, KING and DUHE, Circuit Judges.

GOLDBERG, Circuit Judge:

Interfund Corporation ("Interfund") appeals a judgment entered against it in the amount of $200,000, in favor of First Interstate Bank of Arizona, N.A. ("First Interstate"). Interfund and First Interstate are competing creditors of Bentwood Farms, Inc. ("Bentwood"), a large Arabian horse farm near Waco, Texas. First Interstate sued Interfund for conversion and unjust enrichment, after First Interstate sent Interfund a promissory note and a...

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