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SIMMONS v. GARDENSPOT RANCH, INC.

No. 37897.

68 Wn.2d 131 (1966)

411 P.2d 857

PAUL R. SIMMONS, Appellant, v. GARDENSPOT RANCH, INC., Respondent.

The Supreme Court of Washington, Department Two.

March 3, 1966.

Attorney(s) appearing for the Case

Cheadle, Clanton & Woeppel, by Fred E. Woeppel, for appellant.

Brown & Thayer, by Robert M. Brown, for respondent.

BARNETT, J.†

Appellant Paul Simmons desired to purchase a ranch owned by respondent Gardenspot Ranch, Inc., located in Stevens County. As a result of negotiations between them, the parties executed an "earnest money agreement" on October 3, 1962, wherein they agreed that the total purchase price was to be $320,000. The document recited that appellant was to assign "as down payment" a $100,000 interest which he held on certain California...

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