McKay v. Northern Bank & Trust Co.

Citations

• 69 Wash. 186
• 124 P. 372
• 1912 Wash. LEXIS 869

Syllabus

<p>Frauds, Statute of—Debt of Another—Original Undertaking-Consideration. There is an original undertaking on sufficient consideration, and not a promise to answer for the debt of another, within the statute of frauds, where the principal creditor of a contractor was interested in seeing him complete a grading contract, the proceeds of which had been assigned to it, and upon a threatened foreclosure of a chattel mortgage upon the contractor’s outfit, promised the mortgagee to pay any balance due, if the mortgagee would forego foreclosure until the contract was completed.</p>