Karp v. Margolis

BRAZIL, J. pro tem. *

Both sides being displeased -with the judgment, each has filed a separate appeal. To avoid confusion, reference to the parties will be that of plaintiffs and defendants as they appeared in the trial court, rather than as appellants and respondents.

In March 1953, plaintiffs borrowed $6,000 from defendants, which loan was secured by a deed of trust on a dry cleaning plant plaintiffs had built and were operating in Daly City. The plaintiffs having failed to make payments on the note as required, the trust deed was foreclosed and on September 1, 1954, the defendants bought…