Seattle-First National Bank v. Schriber

On April 21, 1976, plaintiff, a national bank, filed this action to recover the unpaid balance on a promissory note. Plaintiff alleged that defendant on December 15, 1969, had executed and delivered the note reproduced on following page in favor of the plaintiff.

Defendant, pursuant to ORS 16.260(7), 1 demurred to the complaint for the reason that the action was not commenced within the six-year period of the governing statute of limitations, ORS 12.080. 2 The trial court sustained defendant’s demurrer. Plaintiff declined to plead over, and judgment was given for defendant. Plaintiff appeals,…