Garver v. Brace
California Court of Appeal
1Opinion of the Court
Opinion
YEGAN, J.
In June 1989, appellants James and Georgann Garver (buyers) purchased real property and signed a promissory note containing a prepayment fee clause which is payable to respondents William and Marylou Brace (sellers). In November 1993, the buyers prepaid the note, incurring a fee of over $180,000. They seek restitution of the prepayment fee on the grounds, among others, that it violates Civil Code section 2954.9, subdivision (b).
The trial court sustained the sellers’ demurrer without leave to amend, finding the buyers’ claims were time-barred because the applicable statutes of…
2Cases cited11 opinions
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