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BERGQUIST v. INTERNATIONAL REALTY, LTD.

537 P.2d 553 (1975)

Lois J. BERGQUIST et al., Respondents, v. INTERNATIONAL REALTY, LTD., an Oregon Corporation, et al., Appellants.

Supreme Court of Oregon, In Banc.

Decided July 3, 1975.

Attorney(s) appearing for the Case

Ronald J. Loew, Portland, argued the cause for appellants International Realty and Stanley Harris. John J. Haugh, Portland, argued the cause for appellant Shepherd. With them on the joint briefs were O'Connell, Goyak & Haugh, P.C., Portland.

Mark C. McClanahan and Peter C. Richter, Portland, argued the cause for respondents Bergquist, Landauer, Parker and Anderson and counsel for respondent Atwood. With them on the brief were Miller, Anderson, Nash, Yerke & Wiener, Portland, and Nikolaus Albrecht, Portland, as attorney for respondent Atwood.

Lee Johnson, Atty. Gen., W. Michael Gillette, Sol. Gen., and Jim G. Russell, Asst. Atty. Gen., Salem, filed a brief as amicus curiae for Corporation Division.

BRYSON, Justice.

The plaintiffs commenced five separate suits to rescind a contract of sale whereby they purchased undivided fractional interests in the Spanish Villa, an apartment complex in Washington County, Oregon, for the sum of $600,000 from defendant International Realty, Ltd., a corporation (hereinafter International). Plaintiffs alleged that defendants, in effecting such sales to plaintiffs, engaged in the sale of...

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