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Contracts Keyed to Whaley
Seattle-First National Bank v. Oregon Pacific Industries
Citation:Supreme Court of Oregon, 1972. 262 Or. 578, 500 P.2d 1033.
Oregon Pacific (Defendant) entered into a contract with Centralia Plywood for the delivery of plywood. Seattle-First National Bank (Plaintiff) was assigned defendant’s invoice by Centralia Plywood. Plaintiff notified defendant of said assignment. Centralia failed to deliver the plywood to defendant. Defendant claimed that because of Centralia’s breach of contract, it was permitted to setoff the damages it suffered against the amount owed to plaintiff. Thus, defendant refused to pay plaintiff.
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