General Electric Credit Corp. v. Security Bank of Washington

I respectfully dissent from the majority opinion, which is based upon a holding that Credit Corporation’s signature at the bottom of a proffered one-line acceptance form bars Credit Corporation from asserting a cause of action which it could otherwise assert against the bank. While under certain circumstances acceptance of an assignment may bar a debtor from asserting against an assignee claims which he has against an assignor, I do not believe those circumstances exist in the present case.

The cases quoted in the majority opinion employ two different theories to reach the conclusion that…