Legal Opinion
Bennett v. Leatherby
California Court of Appeal
Decided February 5, 1992No. B056737PublishedCited by 7 opinions
1Opinion of the Court
Opinion
GILBERT, J.
The guarantors of a lease agree to guarantee the performance of a lessee and any successors, assignees or sublessees. Here we hold that a sublessee who assumes all obligations under the prime lease, with the consent of the lessor, is a principal debtor. Therefore, if the lessor impairs its rights or remedies against the sublessee, without the consent of the guarantors, the guarantors are released from their guaranty.
Plaintiff H. Michael Bennett, trustee of a testamentary trust, appeals a summary judgment in favor of defendants Albert Leatherby and David Leatherby, Jr.
We…
2Cases cited6 opinions
- Hartman Ranch Co. v. Associated Oil Co.California Supreme Court · 1937
- Lamb v. WahlenmaierCalifornia Supreme Court · 1904
- Shoban v. Board of Trustees of Desert Center Unified School DistrictCalifornia Court of Appeal · 1969
- Union Bank v. GradskyCalifornia Court of Appeal · 1968
- Rosenkranz v. PellinCalifornia Court of Appeal · 1950
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- R. P. Richards, Inc. v. Chartered Construction Corp.California Court of Appeal · 2000
- Bre DDR BR Whittwood Ca LLC v. Farmers & Merchants Bank of Long Beach, California Court of Appeal, 5th District2017
- Conner v. ConnerCalifornia Court of Appeal · 1999
- BRE DDR BR Whittwood CA v. Farmers & Merchants etc.California Court of Appeal · 2017
- In Re Davis Petroleum Corp.United States Bankruptcy Court, S.D. Texas · 2009
2 more not listed; retrieve them via the Exa API.