Pacific Northwest Investment Society v. Cunningham

Citations

• 54 Wash. 284
• 103 P. 9
• 1909 Wash. LEXIS 985

Syllabus

<p>Bills and Notes —■ Consideration —■ Contracts — Forfeiture Clause — Waiver. A note given in payment for a rate installment on an investment bond, the bond stipulating for annual payments and providing that the bond should be void in case the note is not paid upon maturity, is valid and upon sufficient consideration, where the holder of the bond elects to treat it as in force and sues upon the bond; since it can waive the provisions for its forfeiture, and the word “void” should be construed to mean “voidable.”</p>