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BRADY ET UX v. RAY ET AL

223 Or. 613 (1960)

353 P.2d 554

355 P.2d 258

BRADY ET UX v. RAY ET AL

Supreme Court of Oregon.

Modified June 22, 1960.

Opinion corrected; petition for rehearing denied September 14, 1960.

Attorney(s) appearing for the Case

Thomas A. Huffman argued the cause for appellants. On the brief were Schwenn, Brink & Huffman, Hillsboro.

Warde H. Erwin argued the cause for respondents. On the brief were Barzee, Leedy & Erwin, Portland.

Warde H. Erwin, Portland for the petition.

Before McALLISTER, Chief Justice, and ROSSMAN, WARNER, GOODWIN and HOLMAN, Justices.

MODIFIED.

HOLMAN, J. (Pro Tempore)

On or about September 15, 1957, plaintiffs Brady and defendants Ray and Zimmerdahl entered into an oral contract for plaintiffs to sell and defendants to buy certain timber on land owned by plaintiffs. The purchase price was $15,000, one quarter of which, $3,750, was paid at the time the oral agreement was made, and the balance was to be paid within a year in quarterly installments. Defendants had three years in which to...

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