Commerce Mortgage Co. v. Industrial Park Co.
Court of Appeals of Oregon
1Opinion of the CourtButtler, P. J.
Brown and Kittleson (defendants) formed a joint venture with Industrial Park Co. (IPCO) for the development of 15 acres in Wilsonville. Defendants had been purchasing the property under contract from Edwards Industries, Inc. They had previously obtained a release of two acres from Edwards and had conveyed them to Brady, who had provided the money for the release. Under the terms of the written joint venture agreement, defendants were to obtain title to the full 15 acres and convey them to IPCO so that IPCO could use the property as security for a loan from plaintiff Commerce Mortgage Co.…
2Cases cited10 opinions
- Derenco, Inc. v. Benj. Franklin Federal Savings & Loan Ass'nOregon Supreme Court · 1978
- Groce v. Fidelity General Insurance CompanyOregon Supreme Court · 1968
- FOUCHEK v. JanicekOregon Supreme Court · 1950
- State v. GarzaOregon Supreme Court · 1978
- Delaney v. Georgia-Pacific Corp.Oregon Supreme Court · 1977
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3Cited by11 opinions
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- Johnstone v. ZimmerCourt of Appeals of Oregon · 2003
- Mountain Restaurant Corp. v. Parkcenter Mall AssociatesIdaho Court of Appeals · 1992
- Reynolds v. SchrockCourt of Appeals of Oregon · 2005
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