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LENTS, INC. v. BORSTAD

445 P.2d 597 (1968)

LENTS, INC., a Corporation, Respondent, v. Gerald E. BORSTAD, Appellant.

Supreme Court of Oregon, Department 1.

Decided October 2, 1968.

Attorney(s) appearing for the Case

William Edward Gross, Portland, argued the cause for appellant. With him on the briefs were Deane Sterndale Bennett, and Fulop, Gross & Saxon, Portland.

Dean P. Gisvold, Portland, argued the cause for respondent. With him on the brief were John R. Faust, Jr., and Cake, Jaureguy, Hardy, Buttler & McEwen, Portland.

Before McALLISTER, P.J., and O'CONNELL and HOLMAN, JJ.

McALLISTER, Presiding Justice.

This is an action for money tried by the court, which found for plaintiff. Defendant appeals.

There is no dispute about the controlling facts. The defendant Borstad had been engaged for many years in the business of installing communications equipment. In 1961 he organized a corporation, Adon, Inc., and transferred his business to it. He was the president and sole stockholder of the corporation. In October, 1964, Adon, Inc. incurred...

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