Schram v. Manary

[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] In Banc.

On January 31, 1925, James Manary, owner of 37 acres of real property situate in Multnomah County, Oregon, entered into an agreement with the Tourist Service Corporation, a private corporation, for the sale of that property, at the agreed price of $68,000, to be paid in installments over a period of years. The contract provided that, upon the execution and delivery thereof, the vendee should have complete possession of the premises covered thereby, and,…