Legal Opinion
Bank of America v. Daily
California Court of Appeal
Decided March 2, 1984No. Civ. 24459PublishedCited by 16 opinions
1Opinion of the Court
Opinion
WIENER, J.
We address another facet of the one-form-of-action rule of Code of Civil Procedure section 726. That section provides in part: “(a) There can be but one form of action for the recovery of any debt for the enforcement of any right secured by mortgage [or deed of trust[ 2 ] upon real property, which action must be in accordance with the provisions of this chapter. ...” Notwithstanding this apparently clear and unambiguous language, California courts have interpreted this provision as giving the secured creditor entitled to a deficiency judgment an election of remedies.…
2Cases cited11 opinions
- Cornelison v. KornbluthCalifornia Supreme Court · 1975
- Kruger v. Wells Fargo BankCalifornia Supreme Court · 1974
- Walker v. Community BankCalifornia Supreme Court · 1974
- McKean v. German-American Savings BankCalifornia Supreme Court · 1897
- Leaf v. Phil Rauch, Inc.California Court of Appeal · 1975
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3Cited by16 opinions
- Security Pacific National Bank v. WozabCalifornia Supreme Court · 1990
- Pacific Valley Bank v. SchwenkeCalifornia Court of Appeal · 1987
- Passanisi v. Merit-McBride Realtors, Inc.California Court of Appeal · 1987
- Timm v. DewsnupUtah Supreme Court · 2003
- Arabia v. BAC Home Loans Servicing, L.P.California Court of Appeal · 2012
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