Jacobson v. Barnes

In 1927, appellant, a land owner and real estate dealer of Portland, Oregon, was the owner of two thousand acres of land’known as the Clyde ranch in Walla Walla county, Washington. On March 12, 1927, he and respondents entered into a written contract of sale for thirty-nine thousand dollars, which price included the assumption of first and second mortgages aggregating $23,350. After the execution of that contract, controversy arose between the parties, especially as to the quality of some of the land which respondent had not seen on his examination thereof.

Litigation was threatened by…