BANK OF CALIFORNIA v. FIRST MTG. CO.

No. 910-1.

6 Wn. App. 718 (1972)

495 P.2d 1057

THE BANK OF CALIFORNIA, N.A., as Executor, Respondent, v. FIRST MORTGAGE COMPANY, Defendant, MARY MESSO et al., Appellants.

The Court of Appeals of Washington, Division One — Panel 1.

April 17, 1972.


Attorney(s) appearing for the Case

Williams, Lanza, Kastner & Gibbs and William D. Cameron, for appellants.

Robert L. Butler and Phyllis Cavender, for respondent.


WILLIAMS, J.

This action involves the determination of the value of the stock of a corporation according to the terms of a buy-out agreement of the stockholders. The cause was tried to the court without a jury, and resulted in findings of fact, conclusions of law and judgment placing a higher value upon the stock than was fixed by a firm of certified public accountants. From this judgment the surviving stockholders appeal.

The facts may be summarized as follows...

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