Court of Appeals of Oregon December 13, 1995, 9203-01970; CA A81853 (Anderson v. Jensen Racing, Inc.)

DEITS, P. J.

Plaintiffs and defendant Donna Jensen (Jensen) are among the owners of Portland Meadows Race Track.1 Jensen is a principal of Jensen Racing, Inc. (JRI), a corporation that plaintiffs engaged as the lessee-operator of the track. In.1984, plaintiffs and JRI entered into the present incarnation of the parties’ operating agreement.