United States Savings & Loan Co. v. Parr

Citations

• 26 Wash. 115
• 66 P. 109
• 1901 Wash. LEXIS 615

Syllabus

<p>BUILDING AND LOAN ASSOCIATIONS-LOANS TO MEMBERS-NATURE OP CONTRACT — RIGHTS OP ASSIGNEE.</p> <p>Since the contract between a building and loan association and one of its members is merely one of borrowing and lending money, no matter by what name called, an assignee of the contract, although agreeing in his acceptance of the assignment to perform the conditions of the contract according to its terms, is not thereby estopped’ from claiming that the payments made on stock, fines, penalties and interest fully liquidated the loan, inasmuch as he performed the conditions of the contract according to its terms when the loan was paid in full.</p>