Haynes v. Wisner

The respondents were the owners of the capital stock of the Stanley Apartments, Incorporated. That company owned the furniture and fix*93tures within, and a lease upon, the Stanley Apartments, located in the city of Seattle. The appellant owned the furniture and fixtures and a lease upon the Donnelly Hotel, in the city of Tacoma. After considerable negotiations looking towards an exchange of properties, on December 1,1921, these parties entered into a written agreement, the essential portion of which reads as follows:

“That the party of the second part (respondents) shall pay all just debts owing…