Legal Opinion

Luten v. Earles

Washington Supreme Court

Decided January 20, 1920No. 15463PublishedCited by 1 opinion

Appeal from a judgment of the superior court for King, county, Frater, J., entered February 3, 1919, upon findings in favor of the defendant, in an action for breach of warranty in the sale of corporate stock, tried to the court.

1Opinion of the CourtMount, J.

This action is founded upon a breach of warranty in the sale of certain shares of bank stock. The action was tried to the court without a jury, and resulted in a judgment in favor of the defendant. The plaintiff has appealed.

The facts are as follows: Prior to August 19, 1914, Michael Earles was a stockholder in the American Savings Bank and Trust Company, a banking corporation in Seattle. The capital stock of this bank was $200,000, divided into 2,000 shares of $100 each. Michael Earles owned 776 shares of this stock. He was the vice-president and a member of the board of trustees. Prior to…

2Cases cited3 opinions

  1. Harrison v. SmithWashington Supreme Court · 1917
  2. Barr v. Kerfoot Investment Co.Washington Supreme Court · 1916
  3. Hackett v. ScottWashington Supreme Court · 1910

3Cited by1 opinion

  1. Gibson v. California Spray-Chemical Corp.Washington Supreme Court · 1948

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