Seattle-First National Bank v. Westwood Lumber, Inc.
Court of Appeals of Washington
1Opinion of the CourtScholfield, J.
Seattle-First National Bank (Sea-First) appeals the trial court's order vacating Sea-First's voluntary nonsuit of its complaint against defendant Westwood Lumber, Inc. (Westwood). We reverse.
Facts
Westwood was in the wood products brokerage business in Aberdeen, Washington, serving as a middleman between suppliers of lumber and lumber products and the ultimate consumers. In 1982, it entered into a borrowing relationship with Sea-First, in which it pledged its accounts receivable to secure a line of credit which ultimately grew to $1 million.
In late 1984, Sea-First demanded that Westwood…
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- Anderson v. Gold Seal Vineyards, Inc.Washington Supreme Court · 1973
- Linda Pope v. Manville Forest Products CorporationCourt of Appeals for the Fifth Circuit · 1985
- Patricia DENNIS, Appellant, v. A.H. ROBINS CO., INC., Melvin Schwartz, (DR.), AppelleesCourt of Appeals for the Eighth Circuit · 1988
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3Cited by8 opinions
- Seattle-First National Bank v. Westwood Lumber, Inc.Court of Appeals of Washington · 1992
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- Gaddy v. SE Property Holdings, LLCSupreme Court of Alabama · 2016
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