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CITIZENS VALLEY BANK v. MANDRONES MINING CO.

478 P.2d 409 (1970)

CITIZENS VALLEY BANK, Successor in Interest to Citizens Bank of Albany, an Oregon Corporation, Respondent, v. MANDRONES MINING CO., Inc., an Oregon Corporation, Appellant, James B. Daniels, Merlin Estep, R.M. Stephenson, William W. Wilkens, James E. Brown, H.H. Barnes, Emmett E. Barrett and Richard H. Schoonover, Joint Venturers Doing Business As James E. Brown and Associates, Defendants.

Supreme Court of Oregon, Department 2.

Decided December 23, 1970.

Attorney(s) appearing for the Case

R.W. PicKell, Salem, argued the cause and filed the briefs for appellant.

James H. Jordan, Albany, argued the cause for respondent. With him on the brief were Weatherford, Thompson, Horton & Jordan, Albany.

Before O'CONNELL, C.J., and DENECKE, TONGUE and BRYSON, JJ.

TONGUE, Justice.

This is an action on a promissory note. The complaint was filed by plaintiff (the "Bank") as assignee of a demand note for $20,000, and named as defendants both the original maker of the note, Mandrones Mining Co., Inc. (the "Company") and also the original payees of the note ("Brown and Associates"), as assignors of the note to the Bank. Defendant Company appeals from an adverse verdict and judgment.

The principal assignment of error by defendant...

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