Legal Opinion
First State Bk. of Or. v. Peoples Nat. Bk. of Wash.
Oregon Supreme Court
Decided October 22, 1969PublishedCited by 2 opinions
1Opinion of the CourtDenecke, J.
The plaintiff, First State Bank, brought this action to recover $100,000 from the two defendant banks upon the ground that payment of such amount by the plaintiff to the defendants was made under a mistake of fact. The defendants’ demurrer to plaintiff’s complaint was sustained and plaintiff appeals. The facts are as alleged in the complaint.
Otis Jordan and others executed guaranty agreements whereby they guaranteed loans to be made by the plaintiff to Pacific Concrete Co. Plaintiff loaned $250,000 to Pacific Concrete. Pursuant to participation agreements the defendants participated in such…
2Cases cited5 opinions
- Smith v. RubelOregon Supreme Court · 1932
- First National Bank of Portland v. NobleOregon Supreme Court · 1946
- Security Savings & Trust Co. v. KingOregon Supreme Court · 1914
- Wagener v. United States Nat. BankOregon Supreme Court · 1912
- Daniels v. PARKEROregon Supreme Court · 1957
3Cited by2 opinions
- Chase Manhattan Bank v. BurdenDistrict of Columbia Court of Appeals · 1985
- Federated Mutual Ins. Co. v. Good Samaritan Hosp.Nebraska Supreme Court · 1974