[Download] "Robert Wise Plumbing & Heating Inc. V. Alpine Development Co." by Department Two Supreme Court of Washington ~ eBook PDF Kindle ePub Free
eBook details
- Title: Robert Wise Plumbing & Heating Inc. V. Alpine Development Co.
- Author : Department Two Supreme Court of Washington
- Release Date : January 13, 1967
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 76 KB
Description
The defendant, Alpine Development Company, Inc., hereafter referred to as Alpine, as owner, developer and general contractor, proposed to construct a 48-unit prefabricated apartment building in the vicinity of the Tacoma Mall in Pierce County, Washington. To accomplish this objective, it sought and obtained approval of a construction loan in the amount of $350,000 from appellant, Securities Mortgage Company, hereafter referred to as Securities. The loan documents, consisting of the application, the mortgage, and a promissory note, were executed in late 1962 and provided that funds would be advanced as construction progressed, subject to Securities' control and approval. Approximately $70,000 was disbursed in November, 1962, consisting of a $50,000 advance to Alpine and the payment of various initial expenses.
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