Legal Opinion
Peoples National Bank of Washington v. Nichols
District Court, D. Oregon
Decided July 10, 1985No. Civ. Nos. 83-1307-FR, 84-647-FRPublished
1Opinion of the Court
OPINION
FRYE, Judge:
Plaintiff, Peoples National Bank of Washington (Peoples), brings these consolidated actions to collect on various promissory notes given by defendants to Peoples. Peoples contends that the promissory notes arose out of loans made by Peoples to defendants so that defendants could purchase stock in Willamette Falls State Bank (WFSB).
In their Affirmative Defenses and Counterclaims, defendants allege that the transactions between Peoples and defendants are not loans, but are installment sales of WFSB stock in which Peoples participated as a seller.
Defendants contend that…
2Cases cited7 opinions
- American Nat. Bank & Trust Co. of Chicago v. Haroco, Inc.Supreme Court of the United States · 1985
- Joseph Rae v. Union Bank, a Banking CorporationCourt of Appeals for the Ninth Circuit · 1984
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- Fed. Sec. L. Rep. P 98,249 Homer E. Stephenson and Freda Lois Stephenson, His Wife v. Calpine Conifers Ii, Ltd., a Limited PartnershipCourt of Appeals for the Ninth Circuit · 1981
- A. J. WHITE & CO. and Allen J. White, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, RespondentCourt of Appeals for the First Circuit · 1977
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