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STATE v. SPARKMAN & McLEAN CO.

No. 3275-1.

16 Wn. App. 402 (1976)

556 P.2d 946

THE STATE OF WASHINGTON, on the Relation of Bernard G. Lonctot, Plaintiff, v. SPARKMAN & McLEAN COMPANY, ET AL, Respondents, SMALL BUSINESS ADMINISTRATION, Appellant.

The Court of Appeals of Washington, Division One.

November 22, 1976.

Attorney(s) appearing for the Case

John P. Paul, Stan Pitkin, United States Attorney, Charles F. Mansfield, Assistant, Irving Jaffe, Leonard Schaitman, Harry R. Silver, and Rex E. Lee, Assistant Attorneys General of United States, for appellant.

Montgomery, Purdue, Blankinship & Austin, George W. Akers, and L.O. Hurst, for respondents.

SWANSON, J.

The Small Business Administration (SBA) appeals from an order of the King County Superior Court denying its claim against Sparkman & McLean Company.

The Small Business Administration made a loan to University Village, Inc., a subsidiary of Sparkman & McLean, which was secured by a deed of trust on the borrower's realty. On December 2, 1970, Sparkman & McLean and its subsidiaries were placed in temporary receivership by an order of the...

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