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Home / Courts / Tort/Negligence – Conversion – Funds – Bona Fide Purchaser – Tracing Funds – Constructive Trust – No Fiduciary Relationship – Other Circumstances (access required)

Tort/Negligence – Conversion – Funds – Bona Fide Purchaser – Tracing Funds – Constructive Trust – No Fiduciary Relationship – Other Circumstances (access required)

Variety Wholesalers, Inc. v. Salem Logistics Traffic Services, LLC Where plaintiff claims the defendant-lender converted funds that plaintiff transferred to the defendant-borrower, the court holds that funds transferred electronically may be sufficiently identified through evidence of the specific source, specific amount, and specific destination of the funds in question.

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