CITIZENS BANK OF OREGON v. PIONEER INVESTMENT CO.


530 P.2d 841 (1975)

CITIZENS BANK OF OREGON, an Oregon Corporation, Appellant, v. PIONEER INVESTMENT COMPANY, an Oregon Corporation, Defendant, William A. Babcock et al., Respondents, v. R.A. Matott, Also Known As Roland A. Matott, et al., Defendants.

Supreme Court of Oregon.

Decided January 16, 1975.


Attorney(s) appearing for the Case

Robert D. Woods of Riddlesbarger, Young, Horn & Cass, Eugene, argued the cause and filed a brief for appellant.

Thomas A. Hanlon of Babcock, Ackerman & Hanlon, Springfield, argued the cause and filed a brief for respondents.

Before O'CONNELL, C.J., and HOLMAN, TONGUE, HOWELL, BRYSON and SLOPER, JJ.


O'CONNELL, Chief Justice.

This is a suit by plaintiff creditor to foreclose a mortgage and obtain a deficiency judgment against defendant Pioneer Investment Company (PICO) and its guarantors, defendants Matott,1 Babcock and Clark.2 The trial court sustained defendants Babcock and defendant Clark's demurrer to the complaint for failure to state a cause of suit against...

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