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JERSTAD v. WARREN

79-7-124; CA A31867.

698 P.2d 1033 (1985)

73 Or.App. 387

Luther G. JERSTAD, and Lja, Inc., an Oregon Corporation, Respondents, v. Kenneth Edgar WARREN and Maxine Marie Warren, Husband and Wife, Appellants.

Court of Appeals of Oregon.

Decided May 1, 1985.

Attorney(s) appearing for the Case

Dennis H. Elliott, Portland, argued the cause for appellants. With him on the briefs was Elliott & Freedman, Portland.

Frank Porcelli, Jr., Beaverton, argued the cause for respondents. On the brief were Bradley C. Blyth and Blyth, Solomon & Porcelli, Beaverton.

Before BUTTLER, P.J., and WARREN and ROSSMAN, JJ.

BUTTLER, Presiding Judge.

This is an action to recover payment made by plaintiff LJA, Inc., on a promissory note which defendants signed as makers, payable to the Oregon Bank. Plaintiff Jerstad, who is president of LJA, Inc.,1 signed the note as an accommodation party. ORS 73.4150. When defendants defaulted on the note, the bank demanded payment from Jerstad. The bank's demand was satisfied by payment from LJA.

Jerstad then filed...

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