Loutsis v. Georges

George Georges and wife commenced, in the superior court for King county, an action for an accounting, being cause No. 310484, against Louis Loutis (whose true name is Louis Loutsis), alleging that, pursuant to an oral contract, defendant, in consideration of a loan of two thousand dollars to plaintiffs, took an assignment of a contract to purchase a certain piece of Seattle property, which assignment was to be held by defendant as security for the loan; that, in violation of such oral contract, and after plaintiffs had made payments on the loan, defendant took title to the property in his…