Seattle-First National Bank v. Oregon Pacific Industries
Oregon Supreme Court
500 P.2d 1033 (1972)
Relevant factsFree
The day after Centralia contracted to sell plywood to Oregon Pacific (defendant), Centralia assigned the resulting invoice to Seattle-First (plaintiff), which immediately notified Oregon Pacific; when Centralia later failed to deliver the plywood weeks afterward, Oregon Pacific sought to set off its resulting damages against the amount it owed Seattle-First, and the trial court ruled for Seattle-First.
IssueFree
Whether defenses and claims arising from a contract between an account debtor and an assignor are available against an assignee only if the cause of action accrues before the debtor is given notification of the assignment.