Martindell v. Bodrero
California Court of Appeal
1Opinion of the CourtRoth, P. J.
Action upon a promissory note.
Appellants, all individuals, together with respondent Martindell, were directors and minority shareholders of a corporation known as El Bodrero Hotel, organized to build and operate a motel.
The corporation encountered financial difficulties in completing construction of the motel.
At a board meeting on February 15, 1958, appellants Bodrero and Sant each agreed to loan $6,000 to the corporation in return for its note. Respondent for himself and wife also agreed to loan $6,000, hut unlike Bodrero and Sant, he stated that he would make it only in exchange for a note…
2Cases cited18 opinions
- Seneris v. HaasCalifornia Supreme Court · 1955
- P. A. Smith Co. v. MullerCalifornia Supreme Court · 1927
- Easton v. AshCalifornia Supreme Court · 1941
- Good v. EhrlichSupreme Court of Kansas · 1903
- Coronet Credit Corp. v. West Thrift Co.California Court of Appeal · 1966
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3Cited by11 opinions
- American City Bank v. ZetlenCalifornia Court of Appeal · 1969
- Hunt v. SmythCalifornia Court of Appeal · 1972
- Hollywood National Bank v. International Business MacHines Corp.California Court of Appeal · 1974
- County of Los Angeles v. Security InsuranceCalifornia Court of Appeal · 1975
- CARLTON BROWNE & CO. INC. v. Superior CourtCalifornia Court of Appeal · 1989
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