Regional Enterprises, Inc., a Washington Corporation v. Teachers Insurance and Annuity Association of America, a Foreign Corporation

ELY, Circuit Judge:

Appellant, plaintiff below, is the assignee of certain rights of Shadle Center, Inc., which, on August 12, 1960, entered into a contract with Teachers Insurance and Annuity Association of America. It is upon this contract and succeeding related events that appellant based its claim. The contracting parties may, in the interest of brevity, be called Shadle and Teachers. In all pertinent transactions, Shadle was represented by, and acted through, one Brown, its president. Early in 1960, Shadle embarked upon the enterprise of acquiring 23 acres of undeveloped land and erecting…