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BARBER v. FREEMAN

A8410-06164; CA A38478.

742 P.2d 711 (1987)

87 Or.App. 480

Henry BARBER and Evelyn A. Barber, Appellants, v. Walter J. FREEMAN, Respondent, v. John M. Klimp and Nancy O. Klimp, d/b/a Mayfield Investment Company, Third-Party Defendants.

Court of Appeals of Oregon.

Decided September 16, 1987.

Attorney(s) appearing for the Case

Richard A. Uffelman, Portland, argued the cause for appellants. With him on the briefs was Buccino & Uffelman, P.C., Portland.

Dennis H. Elliott, Portland, argued the cause for respondent. With him on the brief was Elliott & Freedman, Portland.

Before JOSEPH, C.J., and NEWMAN and DEITS, JJ.

DEITS, Judge.

In January, 1984, plaintiffs sold a parcel of commercial property in Portland to defendant by a land sale contract for $89,000. A building located on the property could accommodate seven commercial tenants. At the time of the sale, the monthly rental income was $1,100. Shortly after the sale, defendant assigned his interest to third-party defendant Klimp.1 Plaintiffs approved the assignment, but reserved their rights against...

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