GUTHRIE INVESTMENTS, INC. v. STANTON


450 P.2d 551 (1969)

GUTHRIE INVESTMENTS, INC., a Corporation, Respondent, v. Edward B. STANTON, Appellant.

Supreme Court of Oregon, Department 2.

Decided February 13, 1969.


Attorney(s) appearing for the Case

Gerald R. Pullen, Portland, argued the cause and filed a brief for appellant.

Boyd J. Long, Portland, argued the cause for respondent. With him on the brief were Boyrie, Miller & Long, Portland.

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


SLOAN, Justice.

Both plaintiff and defendant were duped by the fraud of one John M. Niedermeyer. In 1962, Niedermeyer obtained a loan from plaintiff that was secured by a purported sale by Niedermeyer to plaintiff of some hotel and bar room furniture and a lease back of that furniture to Niedermeyer. Unfortunately for defendant, he executed an agreement guaranteeing the performance of the lease. Niedermeyer, in fact, did...

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