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GADDIS v. CONSOLIDATED FREIGHTWAYS

239 Or. 553 (1965)

398 P.2d 749

GADDIS v. CONSOLIDATED FREIGHTWAYS, INC., ET AL

Supreme Court of Oregon.

Reversed February 3, 1965.

Attorney(s) appearing for the Case

Richard C. Bemis, Portland, argued the cause for appellant. With him on the briefs were Seitz & Whipple, and Stewart M. Whipple, Portland.

Hugh L. Barzee, Portland, argued the cause for respondents. On the brief were Barzee, Leedy & Tassock, Portland.

Before McALLISTER, Chief Justice, and SLOAN, GOODWIN, DENECKE and LUSK, Justices.

REVERSED.

SLOAN, J.

Plaintiff is the lessor, defendants the lessees of a building in Portland. The lease was entered into in 1958 for a term of 20 years. The rent reserved for the full term was almost one-half million dollars. Defendants were granted an option to purchase the property for a specified sum at any time after the first ten years of the leased term. In 1962, the Oregon State Bureau of Labor, following an inspection of two freight elevators in the...

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