Herrin v. Scandinavian-American Bank

Citations

• 65 Wash. 569
• 118 P. 648
• 1911 Wash. LEXIS 973

Syllabus

<p>Contracts — Mutuality — Rescission — Corporations — Sale op Stock. A memorandum agreement whereby one posted money in a bank, directing the payment for corporate stock if delivered within thirty days, may be rescinded at any time before delivery, where it is lacking in mutuality in that the other party was not bound to sell or deliver the stock.</p> <p>Escrows — Depository—Liability. A bank in which a deposit was made on a continuing offer lacking mutuality is not liable to the other party on revocation of the offer.</p>