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DOYLE v. OREGON BANK

A8605-02951; CA A47080.

764 P.2d 1379 (1988)

94 Or.App. 230

James Everett DOYLE; Doyle Milling Co., Inc., an Oregon Corporation; and Riverside Forest Products, Inc., an Oregon Corporation, Appellants, v. The OREGON BANK, an Oregon Banking Corporation and Security Bank, an Oregon Banking Corporation, Respondents.

Court of Appeals of Oregon.

Decided November 30, 1988.

Attorney(s) appearing for the Case

John C. Urness, Springfield, argued the cause for appellants. With him on the briefs was Thorp, Dennett, Purdy, Golden & Jewett, P.C., Springfield.

Philip S. Van Der Weele, Portland, argued the cause for respondent The Oregon Bank. On the brief were Barbee B. Lyon and Tonkon, Torp, Galen, Marmaduke & Booth, Portland.

Joel S. DeVore, Eugene, argued the cause for respondent Security Bank. On the brief were Robert H. Fraser and Luvaas, Cobb, Richards & Fraser, P.C., Eugene.

Before WARDEN, P.J., and GRABER and RIGGS, JJ.

GRABER, Judge.

Plaintiffs brought this breach of contract action against defendants The Oregon Bank and Security Bank. Plaintiffs claim that The Oregon Bank breached its promise to lend money to two of the plaintiffs, James Doyle (Doyle) and Riverside Forest Products, Inc. (Riverside). The loan agreement contained a condition precedent that Security Bank subordinate some of its security interests in plaintiffs' property to The Oregon Bank. Plaintiffs' claim against...

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