Imperial Finance Corp. v. Finance Factors, Ltd.

OPINION OF THE COURT BY

KOBAYASHI, J.

This appeal comes from the decision of the trial court that appellee, Finance Factors, Ltd., did not breach a fiduciary duty owed appellant, Imperial Finance Corporation, in securing an attachment bond on certain property for appellant.

This case was tried by the trial court without a jury. The facts are essentially as follows:

In January, 1967, an officer of appellant, Arthur Muraoka, acting on behalf of appellant, reached an agreement with Richard Kuga, a special representative in the insurance division of appellee, with regard to obtaining an attachment…