Brooks v. Trustee Co.

Citations

• 76 Wash. 589
• 136 P. 1152
• 1913 Wash. LEXIS 1862

Syllabus

<p>Sales — Conditions—Performance—“At Any Time” — Reasonable Time. A contract for the sale of investment bonds with an option to return the same “at any time” if the purchaser desired, merely gives him a reasonable time to act; and his offer to return them, after accepting quarterly earnings for more than six years, is not within a reasonable time.</p> <p>Limitation of Actions — Accrual of Action — Demand—Tolling Statute. Where bonds were purchased under an option to return the same “at any time,” limitations upon the purchaser’s right of action for refusal to accept a return of the bonds began to run at the date of the contract, since a party may not toll the statute of limitations; hence the action is barred after six years.</p>