Pacific City Bank v. Los Caballeros Racquet & Sports Club, Ltd.
California Court of Appeal
1Opinion of the Court
Opinion
SONENSHINE, J.
Pacific City Bank appeals denial of their petition for relief from forfeiture. (Code Civ. Proc., § 1179.)
In October 1978, Los Caballeros Racquet & Sports Club, Ltd. (Los Cab) as lessor and American National Volleyball Association (ANVA) as lessee entered into a written 20-year lease. All improvements became the property of Los Cab, subject only to the lease. No assignment could be made without prior written consent of Los Cab and no lien or claim was to attach to the premises.
In late 1979 and early 1980, Pacific loaned ANVA $190,000 and in March of 1980, Pacific recorded…
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