Gudmundson v. Commercial Bank & Trust Co.

On January 6, 1920, S. K. Gudmund-son and wife entered into a contract with the Commercial Bank & Trust Company, of Wenatchee, to purchase from the latter twenty-eight acres of orchard land in Chelan county. Contemporaneous with the execution of that contract, Gudmundson leased the land to one Marcy on a fifty per cent crop basis, Gudmundson’s one-half to be paid to the bank (Gud-mundson ’s agent and attorney-in-fact to represent Gudmundson during his absence in Alaska), to apply towards the payment of the purchase price of the land. In 1923, Gudmundson commenced an action to rescind the…