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CONOCO INC. v. AMARILLO NAT. BANK

No. 97-0973.

996 S.W.2d 853 (1999)

CONOCO INC., Petitioner, v. AMARILLO NATIONAL BANK, Respondent.

Supreme Court of Texas.

Rehearing Overruled August 26, 1999.

Attorney(s) appearing for the Case

S. Tom Morris, Michael G. Smith, Amarillo, for petitioner.

Steven L. Hoard, Jeanette Kelley Ahlenius, Julie Ann Lawson, Amarillo, for respondent.

PER CURIAM.

Amarillo National Bank sued Conoco Inc. for alleged conversion of accounts receivable in the form of credit card proceeds that were a part of the bank's collateral under a security agreement with Centergas, Inc. Conoco defended the suit by denying that it had converted the bank's collateral and by asserting the affirmative defenses of waiver, consent, and limitations. The bank asserted the discovery rule to avoid Conoco's limitations defense. Both parties...

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