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MURRAY v. ROWENA DELL JOINT VENTURE

17384; CA A40500.

744 P.2d 569 (1987)

88 Or.App. 52

Richard J. MURRAY, Dba Murray Well Drilling Company, Respondent — Cross-Appellant, v. ROWENA DELL JOINT VENTURE, Karl A. Johnson, and Ruth L. Johnson, Husband and Wife, Earl W. Hoveland Ira Trust Account, Ralf Savory and Ida Savory, Husband and Wife, George Race, Floyd Hewett and Beverly Hewett, Husband and Wife, Ole Rasmussen and Astrid Rasmussen, Husband and Wife, Forrester Investment Brokers, Inc., Employee's Profit Sharing Trust and Forrester Investment Brokers, Inc. Employee's Pension Trust, Appellants — Cross-Respondents.

Court of Appeals of Oregon.

Decided October 21, 1987.

Reconsideration Denied December 18, 1987.

Attorney(s) appearing for the Case

John F. Cushman, Hood River, argued the cause and filed the briefs for appellants — cross-respondents.

Arthur B. Knauss, Milwaukie, argued the cause and filed the brief for respondent — cross-appellant.

Before BUTTLER, P.J., and WARREN and ROSSMAN, JJ.

WARREN, Judge.

In 1974, plaintiff and the individual defendants entered into a joint venture for the purpose of acquiring, developing and reselling land located in the Columbia River Gorge. The venture acquired a tract of land, a portion of which has been developed and sold. The venture is divided into 15 shares. Plaintiff, a well driller, acquired one-half of one share in return for drilling a well on the property. Joint venturer Karl Johnson is designated in the...

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