Legal Opinion
Peters v. Richwell Resources, Ltd.
Court of Appeals of Washington
Decided February 25, 1992No. 10926-7-IIIPublishedCited by 1 opinion
1Opinion of the Court
Thompson, A.C.J.
The trial court awarded Richard Peters summary judgment against James H. Hawley III for breach of a stock transfer agreement. The judgment amount was based on the value of the stock as established in a separate stock option agreement. Hawley appeals. We reverse and remand for recalculation of damages.
Richard Peters loaned $15,000 to Richwell Resources, Ltd. (Richwell). The loan was evidenced by a promissoiy note dated July 3, 1989, calling for (1) payment of principal in 30 days and (2) $2,000 interest in 45 days.
The same date James H. Hawley III executed the note on behalf of…
2Cases cited11 opinions
- Mason v. Mortgage America, Inc.Washington Supreme Court · 1990
- Del Guzzi Constr. Co. v. Global Northwest Ltd., Inc.Washington Supreme Court · 1986
- Mather EstateSupreme Court of Pennsylvania · 1963
- Knight, Vale & Gregory v. McDanielCourt of Appeals of Washington · 1984
- Neubert v. Yakima-Tieton Irrigation DistrictWashington Supreme Court · 1991
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3Cited by1 opinion
- HP Investments v. iLux Capital ManagementCourt of Appeals of Utah · 2021