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ROBERT WISE PLUMBING & HEATING, INC. v. ALPINE DEV. CO., INC.

No. 38556.

72 Wn.2d 172 (1967)

432 P.2d 547

ROBERT WISE PLUMBING & HEATING, INC., Plaintiff, v. ALPINE DEVELOPMENT COMPANY, INC., et al., Defendants, SUTHERLAN FIXTURE COMPANY, Respondent, SECURITIES MORTGAGE COMPANY, Appellant.

The Supreme Court of Washington, Department Two.

October 13, 1967.

Attorney(s) appearing for the Case

Monheimer, Schermer, Van Fredenberg & Smith, J. Dimmit Smith, and David D. Hoff, for appellant.

Murray, Scott, McGavick & Graves, E.M. Murray, and Robert L. Beale, for respondent.

HAMILTON, J.

The defendant, Alpine Development Company, Inc., hereafter referred to as Alpine, as owner, developer and general contractor, proposed to construct a 48-unit prefabricated apartment building in the vicinity of the Tacoma Mall in Pierce County, Washington. To accomplish this objective, it sought and obtained approval of a construction loan in the amount of $350,000 from appellant, Securities Mortgage Company, hereafter referred to as Securities. The loan...

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