Legal Opinion
United States Nat. Bank of Ore. v. American Home Assur. Co.
District Court, D. Oregon
Decided July 7, 1972No. Civ. 69-123PublishedCited by 2 opinions
1Opinion of the Court
OPINION
SOLOMON, District Judge:
The sole issue that remains to be decided is whether the defendant American Home Assurance Company (Insurance Company) is subrogated to the rights of United States National Bank of Oregon (Bank) against Charles L. Shepherd (Shepherd or the insured), the plaintiff in intervention, for amounts paid by the Insurance Company to the Bank.
Shepherd purchased an airplane and financed it by a promissory note secured by a chattel mortgage on the airplane. The note and mortgage were assigned to the Bank.
The Insurance Company insured Shepherd against loss or damage to the…
2Cases cited4 opinions
- Milwaukee Mechanics' Ins. v. RamseyOregon Supreme Court · 1915
- Commercial Stand. Ins. Co. of Ft. Worth, Tex. v. HitsonNew Mexico Supreme Court · 1963
- Metropolitan Life Insurance v. Mennonite Mutual Fire InsuranceSupreme Court of Kansas · 1930
- EASTERN RESTAURANT EQUIPMENT CO. INC. v. TecciMassachusetts Supreme Judicial Court · 1964
3Cited by2 opinions
- Employers of Wausau v. Purex Corp.District Court, E.D. Pennsylvania · 1979
- United States National Bank of Oregon, a National Banking Association v. American Home Assurance Company v. Charles L. Shepherd, Intervenor-AppelleeCourt of Appeals for the Ninth Circuit · 1974