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KORLANN v. E-Z PAY PLAN, INC.

247 Or. 170 (1967)

428 P.2d 172

IN THE MATTER OF THE RECEIVERSHIP OF SUPERIOR MUTUAL INSURANCE CO. KORLANN, Respondent, v. E-Z PAY PLAN, INC. ET AL, Appellants.

Supreme Court of Oregon.

Reversed May 24, 1967.

Attorney(s) appearing for the Case

Norma J. Paulus and Edward L. Clark, Jr., Salem, argued the cause for appellants. With them on the briefs were Clark & Marsh, Salem.

Paul D. Hanlon, Special Assistant Attorney General, Portland, argued the cause for respondent. With him on the brief were Hart, Veazie, Bischoff & Hanlon, Portland.

Before PERRY, Chief Justice, and McALLISTER, SLOAN, O'CONNELL, GOODWIN, DENECKE and LUSK, Justices.

REVERSED.

GOODWIN, J.

Plaintiff is the Oregon receiver for Superior Mutual Insurance Co., an insolvent Wisconsin corporation. Defendants are two Oregon corporations, Manhattan Agencies, Inc., which placed automobile liability insurance with Superior and other insurance companies, and E-Z Pay Plan, Inc., which discounted the time-payment contracts of Manhattan's customers as a means of financing their insurance premiums. Manhattan and E-Z Pay appeal a decree...

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