Swafford v. Levin
Washington Supreme Court
Appeal from a judgment of the superior court for King county, Ralston, J., entered April 24, 1920, upon the verdict of a jury rendered in favor of the plaintiffs, in an action for damages for fraud.
1Opinion of the CourtHovey, J.
This is an action by the respondent for the recovery of $5,000, as damages against the appellants, upon the ground that appellants agreed to supply *682$100,000 in cash as the capital of a corporation in which respondent was to receive stock of the value of $5,000.
Respondent further plead that appellants were to supply a working capital of $50,000, but his recovery is predicated upon the failure to make the shares received by him worth their par value.
We believe that the undisputed facts are as follows: The respondent was a man experienced in the lumber and shingle business, and the appellants…
2Cases cited1 opinion
- Ziomko v. Puget Sound Electric RailwayWashington Supreme Court · 1920
3Cited by2 opinions
- Voelker v. ClevelandWashington Supreme Court · 1932
- Merk v. MurtingerWashington Supreme Court · 1927