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COLAGROSSI v. PETERSON

No. 35210.

56 Wn.2d 928 (1960)

350 P.2d 460

MIKE COLAGROSSI et al., Appellants, v. DALE R. PETERSON et al., Respondents.

The Supreme Court of Washington, Department One.

March 17, 1960.

Attorney(s) appearing for the Case

Moschetto & Alfieri, for appellants.

Cartano, Botzer & Chapman (John W. Chapman, of counsel), Croson, Johnson & Wheelon (Willard Hatch, of counsel), and Nickell, Fitch, Stinnette & McAteer (George T. Nickell and William S. Stinnette, of counsel), for respondents.

MALLERY, J.

Dale R. Peterson and Company, Inc., hereinafter referred to as the corporation, had procured a contract to construct a feline house at the Woodland Park Zoo in Seattle. It needed additional funds to be able to execute the contract. Accordingly, it borrowed eighteen thousand dollars from the plaintiffs herein and pledged eighteen hundred shares of corporation stock as security for the repayment of the money, which was to be accomplished not later than December...

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