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RENNIE v. FREEWAY TRANSPORT

No. A7802-01952; CA 19045.

640 P.2d 704 (1982)

55 Or.App. 1008

Richard RENNIE, As Administrator of the Estate of Eugene David Rennie, and in His Own Individual Capacity, Appellant-Cross-Respondent, v. FREEWAY TRANSPORT, Leon Spada, Ernest Spada, and Sam Terese, Respondents-Cross-Appellants.

Court of Appeals of Oregon.

Decided February 8, 1982.

Reconsideration Denied March 11, 1982.

Attorney(s) appearing for the Case

Magar E. Magar, Portland, argued the cause and filed the briefs for appellant-cross-respondent.

Marvin S. Nepom, Portland, argued the cause and filed the briefs for respondents-cross-appellants.

Before BUTTLER, P.J., WARREN, J., and HOLMAN, Senior Judge.

HOLMAN, Senior Judge.

Plaintiff, as administrator of his father's estate, brought an action for fraud, contending that misrepresentations had been made to him as administrator concerning the value of a stock interest which the estate held in Freeway Transport, a closely-held corporation. As the result of these alleged misrepresentations, he contends, he, as administrator, was induced to sell the estate's interest to defendants at a sum which was a mere fraction of...

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