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KILLAM v. KILLAM

444 P.2d 479 (1968)

J. Graham KILLAM, Respondent, v. Jacqueline KILLAM, Appellant.

Supreme Court of Oregon, Department 1.

Decided August 23, 1968.

Attorney(s) appearing for the Case

Eugene L. Parker, Portland, argued the cause and filed a brief for appellant.

Francis F. Yunker, Portland, argued the cause and filed a brief for respondent.

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

DENECKE, Justice.

As part of a property settlement agreement entered into in a divorce proceeding, the parties signed a "COLLATERAL AGREEMENT" reciting that a boat was held in trust by the parties' daughter for the benefit of each of the spouses; that the boat would remain so held until they mutually agreed to sell; and that both had certain rights of use and certain obligations to pay for the expense of keeping and using...

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