Craib v. Peterson

Citations

• 77 Wash. 357
• 137 P. 481
• 1914 Wash. LEXIS 905

Syllabus

<p>Contracts — Construction—“Profits”—Performance or Breach— Maturity. Under a contract whereby a judgment creditor agreed to extend the time of payment of the debt for five months, in consideration of which the judgment debtor was to allow a third person to work his teams and grading outfit on a certain city job, at $3.50 per day for each team, less the cost of feed not to exceed $40 per month for each team, and less $75 per month for himself, and the third person agreed to pay on the judgment one-half the net “profits” earned on the job by said teams and outfit, less the sum of $75 per month for the services of the debtor and less certain interest charges, the same to be held until the completion of the job which completion should not extend beyond the period of five months, the word “profits” refers to the amount earned by the teams, less the feed bill and less $75 a month for the services of the debtor and the interest, and not to “profits” on the city job; and the payment matures and is due at the end of five months, although the city job was not completed at that time.</p>