Legal Opinion
Todd v. Vestermark
California Court of Appeal
Decided October 24, 1956No. Civ. 21653; Civ. 21654PublishedCited by 19 opinions
1Opinion of the CourtAshburn, J.
An insolvent escrow holder embezzled moneys deposited with it as soon as they were received. Who must stand the loss—vendor, vendee, holder of trust deed upon the subject land?
On August 25, 1954, plaintiffs James R. Burnett and wife entered into an escrow with defendants Eldred L. Vestermark and wife, depositing with Broadway Escrow of Long Beach (hereinafter referred to as Broadway) instructions appropriate to consummating a sale by the Burnetts to the Vestermarks of certain property owned by the Burnetts and situated on Pomona Street in the city of Long Beach. The property .was subject to…
2Cases cited10 opinions
- Shreeves v. PearsonCalifornia Supreme Court · 1924
- Hildebrand v. BeckCalifornia Supreme Court · 1925
- Neher v. KauffmanCalifornia Supreme Court · 1925
- Thoroman v. DavidCalifornia Supreme Court · 1926
- Holman v. TotenCalifornia Court of Appeal · 1942
5 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Spaziani v. MillarCalifornia Court of Appeal · 1963
- Diaz v. United California BankCalifornia Court of Appeal · 1977
- Ferguson v. CasparDistrict of Columbia Court of Appeals · 1976
- Vytina Society v. PhillipsCalifornia Court of Appeal · 1959
- Borgonovo v. HendersonCalifornia Court of Appeal · 1960
14 more not listed; retrieve them via the Exa API.