(Download) "Schinnell v. Doyle" by Division One, Panel Two Court of Appeals of Washington # eBook PDF Kindle ePub Free

April 01, 2021

eBook details

Title: Schinnell v. Doyle
Author : Division One, Panel Two Court of Appeals of Washington
Release Date : January 01, 1972
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 54 KB

Description

Prior to December, 1964, Mr. Doyle was the club professional at the Fort Lewis golf course and operated a golf equipment shop under a concession agreement with the army. In December of that year, he accepted a position at another golf course and entered into negotiations to sell the merchandise and equipment at the Fort Lewis pro shop to the army. When the army decided not to operate the pro shop, he sought to have his assistant at the club, Mr. Thomas E. Denham, purchase the inventory and assume the management of the course. Financing was arranged through the National Bank of Washington, which agreed to loan Denham the sum of $50,000. Approximately $48,000 of this amount was paid to Doyle for his inventory and $2,000 was used as operating capital by Denham. The bank required Doyle to sign an agreement by which he promised to purchase Denhams promissory note upon demand of the bank.