Legal Opinion
Seattle-First National Bank v. Oregon Pacific Industries, Inc.
Oregon Supreme Court
Decided September 8, 1972PublishedCited by 18 opinions
1Opinion of the CourtDenecke, J.
The plaintiff bank obtained a judgment against the defendant for the amount of an invoice assigned to the bank by Centraba Plywood. The trial court denied defendant’s right to a setoff and defendant appeals.
The issue is the interpretation of the assignment section of the secured transactions chapter of the Uniform Commercial Code (ORS 79.3180).
On December 12, 1968, the defendant purchased plywood from Centraba. Centraba assigned the invoice evidencing the purchase to the bank on December 13, and the bank notified the defendant of the assignment. The defendant refused payment and the bank…
2Cases cited3 opinions
- Evans Products Co. v. JorgensenOregon Supreme Court · 1966
- Pearson v. RichardsOregon Supreme Court · 1922
- Investment Service Co. v. North Pacific Lumber Co.Oregon Supreme Court · 1972
3Cited by18 opinions
- United States National Bank v. BogeOregon Supreme Court · 1991
- United States v. Handy and Harman, a New York CorporationCourt of Appeals for the Ninth Circuit · 1984
- Ertel v. Radio Corporation of AmericaIndiana Supreme Court · 1974
- In Re Nuclear Imaging Systems, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 2000
- Marinelli v. Ford Motor Co.Court of Appeals of Oregon · 1985
13 more not listed; retrieve them via the Exa API.