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KALLSTROM v. O'CALLAGHAN

485 P.2d 1200 (1971)

Harriet M. KALLSTROM, Respondent, v. Patrick T. O'CALLAGHAN and Claire H. O'Callaghan, Husband and Wife, Appellants.

Supreme Court of Oregon, In Banc.

Decided June 16, 1971.

Attorney(s) appearing for the Case

Carlton D. Warren, Portland, argued the cause for appellants. With him on the briefs were Solomon, Warren & Killeen, Portland.

Jack L. Kennedy, Portland, argued the cause for respondent. With him on the brief was Gerald R. Pullen, Portland.

TONGUE, Justice.

This is a suit for specific performance of an "option agreement" to purchase a two acre parcel of land.1 Defendants appeal from a decree ordering them to perform their obligations under the agreement, including the execution of a deed conveying the property to plaintiff.

Defendants contend on this appeal: (1) that the "option agreement" was invalid for lack of consideration...

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