No. 6180 | Wash. | Jan 28, 1907
The respondents sued the appellant to recover the sum of three hundred dollars alleged to be due as
The fact in dispute was concerning the nature of the obligation assumed by the appellant. The respondents contended that the assignment was absolute and that the purchase price became due immediately upon its execution, while the appellant contended that he took the assignment. as a promoter only, with the understanding that he was not obligated to pay anything for the option unless he was able to resell it, or organize a company to take over the mining property.
On the question of fact, while there was a sharp conflict in the evidence, we think its weight is with the respondents. The respondents’ version is not only supported by the greater number of witnesses, but it is more consonant with the undisputed facts than is the version given by the appellant. And as the tidal judge, who had the witnesses before him, took that view of the matter we are contented to let the finding stand.
It is urged, however, that the option contract assigned to the appellant was a nullity because it did not contain a sufficient description of the mining property, and had expired by its own limitation at the time of the assignment, and for these reasons there was no consideration for the promise to pay. But these were defects appearing on the face of the instrument observable to the appellant at the time he made the purchase, and in the absence of some showing of fraud or deceit he must be held to have contracted with reference to them. If he purchased the option knowing these conditions and agreed to pay the agreed consideration on the chance of its proving valuable, it is not a failure of consideration in a legal sense that his expectations were not realized.