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OLLMAN v. ACTIVE HOMES, INC.

562 P.2d 1217 (1977)

278 Or. 113

Vernon E. OLLMAN and Alice M. Ollman, Respondents, v. ACTIVE HOMES, INC., an Oregon Corporation, et al., Appellants. Vernon E. Ollman and Alice M. Ollman, Respondents, v. Stephen M. Gaskill et al., Appellants.

Supreme Court of Oregon, Department 1.

Decided April 19, 1977.

Attorney(s) appearing for the Case

Hayes Patrick Lavis, Astoria, argued the cause for appellants. With him on the brief were Anderson, Fulton, Lavis & Van Thiel, Astoria.

Walter H. Grebe, Portland, argued the cause for respondents. With him on the brief were Anderson, Hall, Lowthian, Gross & Grebe, Portland.

Before DENECKE, C.J., and HOWELL, LENT and O'CONNELL, JJ.

O'CONNELL, Justice, Pro Tempore.

This is a suit in equity in which plaintiffs seek to recover the value of their interests as stockholders in Active Homes, Inc. Defendants Stephen and Lotus Gaskill and Active Homes, Inc. appeal from a decree awarding plaintiffs a one-half interest in the corporation.

The pivotal question in this suit relates to the nature of the agreement between the Ollmans and the Gaskills at the inception of the formation of Active Homes...

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