McIver v. Norman

On September 5, 1941, the parties hereto, plaintiff and defendant, executed the following written agreement:

‘ ‘ This is an agreement between William Norman and James W. McIver.

Wherein they have entered into an agreement for the sole and exclusive purpose and restricted to title holding of a certain piece of property known as Lot 1 and the westerly fifteen (15) feet of Lot Two (2), in Block Two (2), situated in Arlington Heights, City of' Portland, Oregon;

Wherein said parties are to share equally in the profit or loss resulting from the sale of a residence to be constructed on said property by…