Ram Development Corp. v. Siuslaw Enterprises, Inc.

In this action, ex contractu, plaintiff seeks money from Siuslaw Enterprises, Inc. (hereinafter defendant Siuslaw) and William Phillips (hereinafter defendant Phillips), principal shareholder in defendant Siuslaw. The case was tried to the court without a jury on certain documentary exhibits and stipulated facts. Plaintiff appeals from a judgment for defendants.

Plaintiff’s complaint incorporated by reference an agreement between plaintiff and defendant Siuslaw the validity of which the defendants admitted. The agreement requires defendant Siuslaw to assume a debt then existing owed by the…