Parish v. Columbia National Bank

Defendants urge that because there is no allegation in the complaint that defendant, W. P. Olds, was in possession of the property in controversy when the action was instituted, the action should be dismissed. The answer of defendant, W. P. Olds, alleges that said “defendant is a purchaser for value of the said personal property and received the same in due course and without notice of any claim that the plaintiff had or could assert against the same.” And also: “That in February, 1930, * * * this defendant, * * * signed and delivered to said Columbia National Bank, of Portland, his…