Bailey v. Inland Empire Co.
Oregon Supreme Court
From Multnomah: John P. Kavanaugh, Judge. Department 2. Statement by Mr. Justice Burnett. This is an action by William B. V. Bailey against the Inland Empire Company, a corporation, to recover the sum of $10,000 on a note executed by the defendant to Arthur S. Phillips.
Read the full summary
From Multnomah: John P. Kavanaugh, Judge. Department 2. Statement by Mr. Justice Burnett. This is an action by William B. V. Bailey against the Inland Empire Company, a corporation, to recover the sum of $10,000 on a note executed by the defendant to Arthur S. Phillips. It is alleged in the complaint that: “The said note was duly indorsed and transferred by said Phillips; and plaintiff thereafter, and before maturity, for a valuable consideration, purchased the said note, and the same was duly transferred to him, and plaintiff became and now is the legal owner and holder thereof.” The…
1Opinion of the CourtJustice Burnett
1. It appeared in testimony that Phillips, the payee of the note in suit, borrowed $4,000 from one Austin, gave a promissory note therefor on August 11,-1911, and for collateral security indorsed the note here in question in blank and delivered it to Austin. The latter in turn for value indorsed to the plaintiff the $4,000 note, and delivered and transferred to him both it and the note involved in this action as accompanying collateral all prior to the maturity of the note in suit. There was also introduced in evidence an instrument seemingly executed in British Columbia, signed by Phillips,…
2Cases cited1 opinion
- Mitchell v. HolmanOregon Supreme Court · 1897
3Cited by1 opinion
- Cole v. VintonOregon Supreme Court · 1933