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JOHNSON v. NORTHWEST ACCEPTANCE CORPORATION

485 P.2d 12 (1971)

Charles F. JOHNSON et al., Respondents and Cross-Appellants, v. NORTHWEST ACCEPTANCE CORPORATION, a Corporation, Appellant and Cross-Respondent.

Supreme Court of Oregon.

Decided May 19, 1971.

Attorney(s) appearing for the Case

Dennis F. Todd, Portland, argued the cause for appellant and cross-respondent. With him on the briefs were Richard M. Sandvik, and Smith, Todd & Ball, P.C., Portland.

Denton G. Burdick, Jr., Portland, argued the cause for respondents and cross-appellants. With him on the brief were Frank H. Hilton, Jr., and Hutchinson, Schwab & Burdick, Portland.

Before McALLISTER, P.J., and DENECKE, HOLMAN, TONGUE, HOWELL and BRYSON, JJ.

DENECKE, Justice.

This appeal is from a judgment for plaintiffs after a trial to the court on an action for damages arising from the breach of a lease agreement.

In 1965 plaintiffs owned the land and building on the corner of S.W. Main and Broadway Streets in Portland, Oregon. Ed Lee, Inc., leased the property and operated a night club on the premises. Defendant made a substantial loan to the lessee and as security held an interest in certain fixtures and...

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