Roskamp Manley Associates, Inc. v. Davin Development & Investment Corp.
California Court of Appeal
1Opinion of the Court
Opinion
STONE, P. J.
Roskamp Manley Associates, Inc. (Manley) appeals from an order granting summary judgment to Davin Development and Investment Corporation (Davin) and dismissing Manley’s complaint. (Code Civ. Proc., § 437c, subd. (/).) The principal issue concerns whether the subordination agreement in the escrow instructions was enforceable. We hold it was not and affirm the judgment.
Facts
In July 1984, Manley, a real estate developer, offered to purchase Davin’s property for $450,000 with $225,000 secured by a purchase money deed of trust. Also, the “Seller agrees to subordinate to a…
2Cases cited18 opinions
- Spangler v. MemelCalifornia Supreme Court · 1972
- Magna Development Co. v. ReedCalifornia Court of Appeal · 1964
- Handy v. GordonCalifornia Supreme Court · 1967
- Gould v. CallanCalifornia Court of Appeal · 1954
- Kadner v. ShieldsCalifornia Court of Appeal · 1971
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