Friesen v. Fuiten

This is a suit in equity for specific performance of an oral contract. Plaintiffs appeal from an adverse decision.

Plaintiffs allege:

“(1) That on or about March 1, 1963, the plaintiffs had entered into an oral contract with the defendants providing that the defendants, as the present stockholders of Fuiten’s Mortuary, Inc., an Oregon corporation, agreed to sell to the plaintiffs one-half the common stock of said corporation for the sum of $108,374. That $15,172.50 was to be paid as down payment, the balance to be paid in annual installments, to be paid from the plaintiffs’ share of the profits…