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ROYAL AIR PROPERTIES, INC. v. SMITH

No. 17900.

312 F.2d 210 (1962)

ROYAL AIR PROPERTIES, INC., a Corporation, Harold L. Heathman and Madge I. Heathman, Appellants, v. R. Philip SMITH, Appellee.

United States Court of Appeals Ninth Circuit.

December 20, 1962.

Attorney(s) appearing for the Case

Ralph B. Potts, Seattle, Wash., for appellants.

Bogle, Bogle & Gates, Walter B. Williams, and Edward G. Lowry, III, Seattle, Wash., for appellee.

Before ORR, JERTBERG and MERRILL, Circuit Judges.

ORR, Circuit Judge.

Having in mind the construction of luxury apartments in Palm Springs, California, one Meade Hargiss interested appellant Harold L. Heathman, his sister Esther Peister and his son Michael Heathman in the project; and as a consequence a corporation, Royal Air Properties, Inc., was formed. In furtherance of bringing the objective of the plan to fruition the corporation acquired a seven-acre tract in Palm Springs for a purchase price of $235,000. The...

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