Johnston v. Oregon Bank

HOLMAN. J.

This is a suit by a guarantor of a debt against a creditor, to whom a guaranty was given, contending that the creditor did not dispose of collateral which was security for the debt in a commercially reasonable manner. Plaintiff-guarantor requested a declaration of rights, release from its guaranty, and damages. He appeals from a judgment of dismissal pursuant to an order striking his complaint which has been treated by the parties as the equivalent of a demurrer.

Plaintiff was the principal owner of stock in a corporation, which corporation was a partner with an individual in the Van…