Sanwick v. Puget Sound Title Insurance

Langsdorf, J. †

— On March 7, 1957, for a consideration of $6,000, the respondent McFerran granted an option to appellant Sanwick to purchase land for $187,500. Separate escrow instructions were signed by Sanwick and McFerran and left with the Puget Sound Title Insurance Company. The option was extended for an additional year to March 1, 1959; thereafter Sanwick assigned part interests in said option to the other appellants.

On February 27, 1959, appellants informed the title company that they were exercising their option and the title company prepared a real estate contract which appellants…