Bidwell v. Rice

’The opinion of the court was delivered by

Reavis, J.

Respondent in August, 1893, was appointed receiver of the Washington National Bank, then in liquidation, by the comptroller of the currency of the United States. A part of the assets of the bank consisted of certain real estate known as the “Gig Harbor Mill” property. In November, 1894, appellant and others (who have since -assigned their claims to him) entered into an agreement with respondent to purchase the “Mill” property for the •sum of $10,000, of which $1,000 was to be paid in cash, $2,000 more on or before the expiration of sixty…