Lewis v. Hill

Citations

• 61 Wash. 304
• 112 P. 373
• 1910 Wash. LEXIS 1336

Syllabus

<p>Executors and Administrators — Trusts—Purchase by Trustee ■ — Sale—Setting Aside — Acquiescence. The act of an executor and trustee, in permitting his wife to acquire, at a discount, claims of creditors of the estate, to pay for property sold to creditors pursuant to a plan to satisfy claims and save the estate from insolvency, cannot be objected to by residuary legatees of the cestui que trust, the widow of the deceased, who for four years prior to her death acquiesced in the proceeding with full knowledge of all the facts, while she and all such purchasers profited greatly by the increased value of the property taken by them; since the sale to the trustee’s wife was not absolutely void, but only voidable.</p>