Pennick v. American National Bank

There is conflict in the authorities regarding the admissibility of evidence offered 'for the purpose of showing that a party to the written contract is not the real party in interest but was acting for a principal at the time he entered into and signed the contract. This state, however, early adopted the principle that parol evidence was admissible to show that a party not named in nor a subscriber to a contract is the real party in interest and is bound thereby. This principle was first announced in Barbre v. Goodale, 28 Or. 465, 470 (43 Pac. 378). It is seriously contended by defendant…