Fluke Capital & Management Services Co. v. Richmond
Washington Supreme Court
1Opinion of the CourtUtter, J.
Fluke Capital and Management Services Company lost its ownership interest in a piece of property during foreclosure by a holder of a first deed of trust. Fluke now seeks indemnification from Volney Richmond III and his marital community. We affirm the trial court's dismissal of the case.
In the late 1970's Richmond, the respondent, became involved in an attempt to develop a ski resort in the Sno-qualmie Pass area when he invested in a piece of property with Glen Young. They purchased the property by purchasing the stock of a corporation, Mountain Grandeur, Inc. (MGI), holder of title to the…
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