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PECK v. SECURITY BANK OF OREGON

554 P.2d 505 (1976)

276 Or. 61

Jay R. PECK, Respondent, v. SECURITY BANK OF OREGON, Appellant.

Supreme Court of Oregon, Department 1.

Decided September 3, 1976.

Attorney(s) appearing for the Case

Robert J. Miller, Black, Kendall, Tremaine, Boothe & Higgins, Portland, argued the cause and filed briefs for appellant.

Glenn H. Prohaska, Day & Prohaska, P.C., Portland, argued the cause and filed a brief for respondent.

Before O'CONNELL, C.J., and McALLISTER, DENECKE, and HOWELL, JJ.

McALLISTER, Justice.

Plaintiff, Jay R. Peck, brought this action against the Security Bank of Oregon for damages for breach by the bank of an agreement to sell him certain real property. The case was tried by the court without a jury and plaintiff was awarded a judgment in the sum of $45,000. Defendant appeals.

Prior to April 1973 Security Bank acquired title to the Regency Hotel in Portland by foreclosure. After waiting for the redemption period to expire...

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