Gold Ridge Mining & Development Co. v. Rice

Citations

• 77 Wash. 384
• 137 P. 1001
• 1914 Wash. LEXIS 909

Syllabus

<p>Appeal — Preservation op Grounds — Waiver op Objections— Pleading. Objection that a counterclaim was not pleaded is not available on appeal, where the evidence was admitted without objection, since the issues became as broad as the evidence.</p> <p>Contracts — Construction. . An agreement that the defendant might draw against the proceeds of the sale of his stock, sold for him by the plaintiff, is not affected by the fact that part of the proceeds is represented by the purchaser’s promissory note, where plaintiff had pledged the note as collateral and claimed to own it.</p> <p>Corporations — Stock — Subscriptions —Payment in Property— Consideration. A sale to a mining corporation, by two of its trustees, of a bond upon a group of mining claims, in full consideration of their stock subscriptions, unanimously agreed to by the trustees, is valid as between the parties, where no rights of creditors are involved, the deal was in the open, and no one was wronged.</p> <p>Corporations — Stock — Sale — Validity — Estoppel. A corporation receiving and holding the proceeds of the sale of its stock cannot assert that the sale was not binding upon it.</p>