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CHINN v. SHERIDAN HDWD., INC.

229 Or. 123 (1961)

366 P.2d 321

CHINN ET AL v. SHERIDAN HARDWOOD, INC. ET AL

Supreme Court of Oregon.

Affirmed November 22, 1961.

Attorney(s) appearing for the Case

Al J. Laue, Salem, argued the cause for appellants. On the brief were Williams & Skopil, Salem.

Randall S. Jones, Portland, argued the cause for respondents. With him on the brief were Jones & Brown and L. James Bergmann, Portland.

Before McALLISTER, Chief Justice, and WARNER, SLOAN, O'CONNELL and BRAND, Justices.

AFFIRMED.

O'CONNELL, J.

This is a suit to foreclose a mortgage executed by defendant Sheridan Hardwood, Incorporated, to plaintiffs. The mortgage covered Sheridan Hardwood's leasehold interest in certain real property. The lease contained an option to purchase. Sheridan Hardwood exercised the option and after purchasing the real property conveyed it to defendants, E.R. Bailey and Geneva A. Bailey. The latter were joined as defendants in the foreclosure suit...

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