Duke v. Benson

On January 4, 1919, Henry Y. Benson was the owner of an improved piece of Seattle real estate which was incumbered by a mortgage in the sum of $1,800, and a contract of sale held by one Tobin, upon which there was a balance due of $2,000, and the Scandinavian-American Bank of Seattle was the owner of a certain piece of real estate in Snohomish county. On that day Benson and the bank entered into a contract by which Benson was to purchase the Snohomish county property for $2,100, to be paid $100 cash and the equity in the Seattle real estate above referred to of $2,000. On the 14th of January…