American Timber & Trading Co. v. First National Bank

Plaintiff American Timber and Trading Co. brought this action on behalf of itself and all persons similarly situated. The other named plaintiffs, having a similar claim, were allowed to intervene. Defendant, First National Bank of Oregon, filed a motion which was treated by the parties and the trial court as a demurrer. The demurrer was sustained and plaintiffs, after failing to plead further, appealed from an order dismissing their complaints.

Plaintiffs allege they borrowed money from defendant bank and agreed to pay interest at a specified yearly rate. They contend that the bank, without…