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COLUMBIA DEVELOPMENT, INC. v. WATCHIE

448 P.2d 360 (1968)

COLUMBIA DEVELOPMENT, INC., an Oregon Corporation, Carl M. Halvorson and Lloyd Babler, Appellants, v. H.R. WATCHIE, H.R. Watchie & Associates, an Oregon Corporation, Otherwise Known As H.R. Watchie & Associates of Oregon, Inc., an Oregon Corporation, and Kirkeby-Natus Corporation, a Maryland Corporation, Defendants, Park City Corporation, an Oregon Corporation, Respondent and Cross-Appellant.

Supreme Court of Oregon, Department 2.

Decided December 11, 1968.

Attorney(s) appearing for the Case

Roger A. Nelson, Portland, argued the cause for appellants. On the briefs were Jack H. Cairns and Raymond J. Conboy, Portland.

James O'Connor, Seattle, Wash., argued the cause for respondent and cross-appellant. With him on the brief were Rauscher, O'Connor & Kiefer, Seattle, Wash. and Thompson & Adams, Beaverton.

Before PERRY, C.J., and SLOAN, GOODWIN, HOLMAN and LANGTRY, JJ.

LANGTRY, Justice pro tem.

The contending parties in this appeal are the plaintiffs and the Park City Corporation which is referred to as defendant in this opinion. Other defendants are not involved in the disputed questions.

Plaintiffs sold certain real property for $165,000 under a conditional sales contract. Defendant, through assignments, became the contract purchaser. After several instalments of principal and interest had been paid in the total sum of...

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