Smith v. Twohy

Hamilton, J. —

On May 22, 1961, appellant, Margaret Smith, and her assignor, Joseph Feroe, executed a document denominated a lease by which they purported to rent a walk-in refrigeration unit to Seattle Flower Growers, Inc., a domestic corporation. The lease was to run for a period of 5 years at a monthly rental of $100, with the right extended to the corporate lessee to purchase the equipment at the end of the term for $100. Ralph K. Gustafson, a major stockholder and president of Seattle Flower Growers, Inc., signed the lease on behalf of the corporation. In addition, Mr. Gustafson and…