Olympia National Bank v. Murphy Motor Car Co.

Citations

• 116 Wash. 695
• 200 P. 577
• 1921 Wash. LEXIS 1000

Syllabus

<p>Corporations (151, 160)—Powers and Liabilities—Promissory Notes—Assumption of Liability—Evidence—Sufficiency. Where an individual organized his business into a corporation, which assumed the assets and liabilities of his business, a note executed by him as officer of the corporation in renewal of a personal note given by him while conducting the business as an individual is binding on the corporation.</p> <p>Appeal (429, 437)—Review—Harmless Error—Pleading—Decision Correct on Merits. Error in permitting plaintiff to file a reply setting up estoppel and ratification, in an action by it on a promissory note of a corporation, was harmless, where the judgment was sustainable upon the theory that the obligations of a concern were assumed by defendant at the time of taking over its assets.</p>