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SEATTLE-FIRST NAT. BANK v. OREGON PAC. INDUSTRIES INC.

500 P.2d 1033 (1972)

SEATTLE-FIRST NATIONAL BANK, a National Banking Association, Respondent, v. OREGON PACIFIC INDUSTRIES, Inc., a Corporation, Appellant.

Supreme Court of Oregon, In Banc.

Decided September 8, 1972.

Attorney(s) appearing for the Case

Denton G. Burdick, Jr., Portland, argued the cause for appellant. With him on the briefs were Hutchinson, Schwab, Burdick & Hilton, Portland.

Norman N. Griffith, Portland, argued the cause and filed a brief for respondent.

DENECKE, Justice.

The plaintiff bank obtained a judgment against the defendant for the amount of an invoice assigned to the bank by Centralia Plywood. The trial court denied defendant's right to a setoff and defendant appeals.

The issue is the interpretation of the assignment section of the secured transactions chapter of the Uniform Commercial Code (ORS 79.3180).

On December 12, 1968, the defendant purchased plywood from Centralia. Centralia assigned...

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