Oil Investment, Inc. v. Dallea Petroleum Corp.

ADAM GEFREH, District Judge.

On August 31, 1962, Dallea Petroleum Corporation, a North Dakota corporation, with its principal office in Tioga, North Dakota, executed and delivered to Republic Supply Company, whose principal place of business was Oklahoma City, Oklahoma, and who also maintained a place of business in Tioga, North Dakota, a promissory note in the sum of $25,920.98 (Plaintiff’s Exhibit No. 1).

On February 2, 1965, at a time when the note was in default by its terms, the note was assigned by Republic Supply Company to Oil Investment, Inc., the plaintiff in this action. The note…