From our private database of 14,100+ case briefs...
Clovis National Bank v. Thomas
New Mexico Supreme Court
425 P.2d 726 (1967)
Clovis National Bank (Clovis) (plaintiff) made loans to W.D. Bunch. Bunch gave Clovis a security interest in cattle branded “W D Bar.” The loan agreements stipulated that Bunch could not sell the cattle without Clovis’s consent, but Bunch sold a portion of the cattle and Clovis did not object, as was Clovis’s custom. Bunch then sold a portion of the cattle but did not apply the proceeds toward the debt. Bunch consigned the cattle under the brand of his son, William D. Bunch, Jr., to Thomas’s (defendant) business for sale. Clovis told Thomas about its interest in the hope that the check would be payable to Clovis and Bunch. Bunch, Jr. demanded that Thomas pay him, which he did. Clovis sued Bunch and Bunch, Jr. Clovis also filed this lawsuit against Thomas for conversion. The trial court ruled in favor of Thomas, because Clovis consented to previous sales and waived its interest in Bunch’s cattle and had no security interest in the Swastika K cattle. Clovis appealed to the New Mexico Supreme Court.
Rule of Law
Holding and Reasoning (Oman, J.)
Dissent (Carmody, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 221,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.