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Arcadia Financial, Ltd. v. Southwest-Tex Leasing Co., Inc.

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Appellant Arcadia Financial, Ltd. (“Arcadia”) sued appellee Southwest-Tex Leasing Co., Inc. d/b/a Advantage Rent-A-Car (“Advantage”) for conversion, tortious interference with existing contracts, and a declaratory judgment as to the nature and priority of Arcadia’s security interests in four vehicles, to which Advantage claimed ownership. Following a bench trial, the trial court rendered judgment that Arcadia take nothing by its suit. By four issues presented, Arcadia appeals the trial court’s judgment, arguing that the trial court erred in concluding that Advantage owned the four vehicles, Arcadia acquired no rights in the four vehicles, and Arcadia has no standing to assert its claims against Advantage. We will affirm the judgment.

BACKGROUND

Arcadia is an independent financier of motor vehicles for retail customers of motor vehicle dealers. Advantage is in the business of renting cars to consumers and occasionally provides vehicles for sale to wholesalers from its fleet of used rental vehicles. Lone Star Used Cars (“Lone Star”) was a licensed motor vehicle dealer that sold used vehicles in Austin, many of which it purchased from Advantage. Francis C. Bashaw, III was the president of Lone Star and was responsible for the daily operations of Lone Star.

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