Monger Et Ux. v. Dimmick

On January 7, 1944, the plaintiffs, as vendors, entered into a contract in writing with the defendant Carrol C. Dimmick, doing business as Dimmick Logging and Lumber Company, as purchaser, for the sale of all of the merchantable timber upon certain lands belonging to plaintiffs in Douglas County, Oregon. The agreed price was to be $1.50 per M. board feet for red and yellow fir and ponderosa pine, $5.00 per M. board feet for sugar pine, and $1.00 per M. board feet for white fir and all other lands of merchantable timber. Cedar was expressly excluded from the sale. There was a down payment of…