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WALLSTREET PROPERTIES, INC. v. GASSNER

No. A7807-11824; CA 17381.

632 P.2d 1310 (1981)

53 Or.App. 650

WALLSTREET PROPERTIES, INC., an Oregon Corporation, Appellant, v. Arlo C. GASSNER and Hazel G. Gassner, Husband and Wife, Respondents, v. Sylvia C. KRALJEV, Third-Party Defendant.

Court of Appeals of Oregon.

Decided August 24, 1981.

Attorney(s) appearing for the Case

Theodore H. Heap, Portland, argued the cause and filed the briefs for appellants.

Thomas K. Hooper, Portland, argued the cause for respondents. With him on the brief were William P. Hutchison, Jr., and Hutchinson & Hutchison, Portland.

Before GILLETTE, P.J., and ROBERTS and YOUNG, JJ.

YOUNG, Judge.

Plaintiff Wallstreet Properties, Inc., brought this action to recover real estate commissions it claims to have earned pursuant to an agreement for a three-way, tax deferred exchange of real property. The trial court held the exchange agreement unenforceable and denied relief. We affirm.

Defendants Arlo and Hazel Gassner were owners of a 15-unit apartment complex known as the "Coventry Court Apartments." In the fall of 1977, defendants decided...

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