In re the Estate of Cooper

163 P. 935, 95 Wash. 351, 1917 Wash. LEXIS 818
CourtWashington Supreme Court
DecidedMarch 23, 1917
DocketNo. 13588
StatusPublished

This text of 163 P. 935 (In re the Estate of Cooper) is published on Counsel Stack Legal Research, covering Washington Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re the Estate of Cooper, 163 P. 935, 95 Wash. 351, 1917 Wash. LEXIS 818 (Wash. 1917).

Opinion

Holcomb, J. —

During the pendency of the probate of this estate, Henry H., Edgar H. and Annie Cooper, children of the deceased, entered into a contract with the North Coast Fire Insurance Company, which is as follows:

“This Agreement made and entered into this 27th day of July, 1911, by and between the North Coast Fire Insurance Company, a corporation of the state of Washington, of Seattle, hereinafter called the party of the first part, and Henry H. Cooper, Edgar H. Cooper and Annie Cooper, hereinafter called the parties of the second part,
“Witnesseth that:
“(1) The party of the first part agrees to advance, for the use and benefit of the parties of the second part, whatever sum shall be necessary to redeem from R. D. Shelton the following described property, to-wit:
[352]*352“The south half (%) of the northwest quarter (%) of the north half (%) of the southwest quarter (%), section ten (10), township twenty (20), north of range six (6) east W. M., which said property was heretofore and to wit, on the 30th day of July, 1910, sold to the said R. D. Shelton at an execution sale. The party of the first part further agrees to advance, for the use and benefit of the parties of the second part a sum not to exceed five hundred dollars ($500) for the costs of any and all litigation necessary to be maintained by the parties of the first or second parts to perfect the title of the parties of the second part in said property hereinbefore described.
“(2) The parties of the second part agree to and with the party of the first part to repay the said sums to the .party of the first part on or before eighteen months after date, with interest at eight (8) per cent per annum, or if .the title to the above described property become good and sufficient in the parties of the second part prior to the expiration of the said time, then at such time the parties of the second part will repay said sums with interest to such date from the date hereof at the rate of eight (8) per cent.
“(3) The party of the first part has this day issued to the parties of the second part ten (10) shares of its capital stock, for which the parties of the second part agree to pay the party of the first part the sum of two thousand dollars ($2,000) at such time as the title to the above described property shall become good and sufficient in the parties of the second part. Until such time as such title shall become good and sufficient as aforesaid, the parties of the second part shall not be entitled to receive any dividends on said stock. After said title shall become good and sufficient in the parties of the second part, then the said sum of two thousand dollars ($2,000) shall bear interest at the rate of eight per cent until paid. Said certificate of stock shall remain in the possession of the party of the first part until payment has been made by the parties of the second part.
“(4) The parties of the second part have this day made and executed unto the party of the first part their quitclaim deed to the property hereinbefore mentioned and described, which said quitclaim deed shall be retained by the party of the first part as security only for the payment to the party of the first part by the parties of the second part of the sums [353]*353and in the manner hereinbefore mentioned. Upon payment of such sums and in the manner hereinbefore mentioned, the parties of the second part shall receive back from the party of the first part the said quitclaim deed and shall be entitled to receive back from the party of the first part any and all reconveyances or instruments quitclaiming and conveying to the parties of the second part such interest as the party of the first part may have in such property.
“(5) The parties of the second part further agree with the party of the first part, in the event the title to the said property is not perfected in them, to subrogate the party of the first part to any and all rights against said property, and the owners thereof to recover from them any and all sums advanced by the party of the first part as hereinbefore mentioned.”

At that time, it was known to the Coopers and the administrator of the deceased that the title to the real estate left by the deceased and described in the contract was considerably clouded. In connection with the contract, the Coopers named therein made a quitclaim deed of the real estate to the North Coast Fire Insurance Company for the purpose of securing the contract. Subsequently the North Coast company advanced moneys in pursuance of the contract, aggregating $2,885.47, which included interest and the $500 which was specified in the contract to be advanced by the North Coast company for costs of any and all litigation necessary to be maintained by the parties of the first or second parts to perfect the title of the parties of the second part in the property therein described. Thereafter the real estate was sold upon the petition of W. L. Cummings, the administrator, and at the request of appellant, for the purpose of raising money with which to pay the expenses of administration and the debts of the estate. Subsequently the contract was transferred by the North Coast company to the Pacific States Fire Insurance Company, and a quitclaim deed to the real estate involved therein was made by the North Coast company to the Pacific States company. The North Coast Fire Insurance Company went out of business, reinsured its policies [354]*354with the Pacific States Fire Insurance Company, and assigned its claims to that company. After the sale of the real estate, the Cooper children assigned all their interest in and to the estate to C. E. Iten and Arnold Jones. All moneys advanced by the North Coast company were repaid to it in full, with interest at eight per cent, out of the proceeds of the sale of the real estate.

Rebecca Leggett claimed an interest in the funds of the estate and, on the trial, it was agreed that she should be protected as to her interest. The only question that then remained was as to the disposition and distribution of the funds in the hands of the administrator after the settlement with Rebecca Leggett. The Pacific States Fire Insurance Company, as assignee of the North Coast Fire Insurance Company, contended that the Cooper heirs were indebted to it in the sum of $3,000 for stock in the North Coast Fire Insurance Company, referred to in the contract heretofore set forth. Iten and Jones, assignees of the Cooper children, contended that the North Coast Fire Insurance Company or its assignee had not complied with the terms of the contract, and their contention was sustained by the trial court, who entered an order of distribution by which the funds remaining in the hands of the administrator, after the settlement of the Rebecca Leggett claim, were distributed to Iten and Jones, as assignees of the Coopers. From that order of distribution, the Pacific States Fire Insurance Company appeals.

The appellant contends that the contract set forth herein is one for construction as a contract to quiet title of the land involved in the estate of William H. Cooper, deceased, and that thereupon it should be determined that the North Coast Fire Insurance Company complied with its contract, and that the purchase price of the stock of the North Coast Fire Insurance Company, or $3,000, should be distributed to the appellant.

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Bluebook (online)
163 P. 935, 95 Wash. 351, 1917 Wash. LEXIS 818, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-estate-of-cooper-wash-1917.