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UNITED STATES NAT. BK. OF OR. v. AMERICAN HOME A. CO.

No. 72-2630.

505 F.2d 742 (1974)

UNITED STATES NATIONAL BANK OF OREGON, a National Banking Association, Plaintiff, v. AMERICAN HOME ASSURANCE COMPANY, Defendant-Appellant, v. Charles L. SHEPHERD, Intervenor-Appellee.

United States Court of Appeals, Ninth Circuit.

November 11, 1974.

Attorney(s) appearing for the Case

Lloyd B. Ericsson (argued), Dusenbery, Martin, Bischoff & Templeton, Portland, Or., for defendant-appellant.

R. W. Kitson, Rader & Kitson (no appearance), Portland, Or., for intervenor-appellee.

Before TRASK and SNEED, Circuit Judges, and GRAY, District Judge.

OPINION

PER CURIAM:

This is a diversity case in which American Home Assurance Company (American Home) appeals from the judgment of the district court denying it a right of subrogation against the principal insured, Charles L. Shepherd. We affirm.

Shepherd, the appellee, purchased an aircraft by giving his promissory note, secured by a chattel mortgage on the airplane. The seller assigned the note and mortgage to the United States National Bank of...

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