Orden v. Crawshaw Mortgage & Investment Co.
California Court of Appeal
1Opinion of the Court
Opinion
SAVITCH, J. *
March 1973, Crawshaw Mortgage & Investment Company (Mortgage Company), then and now licensed as a real estate broker by the State of California, agreed to loan to Ted Orden and Hedy Orden (the Ordens) $500,000 to be disbursed periodically as construction of a supermarket on land owned by the Ordens progressed. The loan was evidenced by a promissory note (the Note) bearing interest at 8 percent per annum with principal and interest payable on or before July 1, 1974, and secured by a first lien position on the land and the improvements thereon.
As monies were needed from time…
2Cases cited13 opinions
- D'AMICO v. Board of Medical ExaminersCalifornia Supreme Court · 1974
- Ewell v. DaggsSupreme Court of the United States · 1883
- Penziner v. West American Finance Co.California Supreme Court · 1937
- Burr v. Capital Reserve Corp.California Supreme Court · 1969
- Willcox v. EdwardsCalifornia Supreme Court · 1912
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