Seattle-First National Bank v. Oregon Pacific Industries

500 P.2d 1033 (1972)

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Nature Of The Case

This section contains the nature of the case and procedural background.

Facts

Oregon Pacific (D) purchased plywood from Centralia. Centralia assigned the invoice to Seattle First (P), and P notified D of the assignment on December 13. D refused payment and P sued D. D defends the action based on setoffs. Prior to the assignment of the invoice in question, D placed two orders for plywood with Centralia that were not included in the assigned invoice. Delivery of those orders was never completed by Centralia and D claims that it can offset the invoice P held with the damages suffered from nondelivery. Centralia was insolvent at the time it assigned the invoice to P and P knew that. The trial court gave the judgment to P and D appealed.

Issues

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Holding & Decision

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Legal Analysis

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