Oceanside 84, Ltd. v. Fidelity Federal Bank
California Court of Appeal
1Opinion of the Court
Opinion
EPSTEIN, J.
In 1987, plaintiff and appellant Oceanside 84, Ltd., a limited partnership (appellant), borrowed $2.45 million from defendant and respondent Fidelity Federal Bank (Fidelity). According to the terms of the loan agreement, Fidelity was authorized to adjust the interest rate charged to appellant every six months. In 1993, appellant filed a lawsuit for breach of contract and unfair trade practices against Fidelity, alleging that Fidelity was overcharging interest. In brief, the allegations of the complaint centered around the date that Fidelity selected to recalculate interest…
2Cases cited11 opinions
- Parsons v. Bristol Development Co.California Supreme Court · 1965
- Winet v. PriceCalifornia Court of Appeal · 1992
- Victoria v. Superior CourtCalifornia Supreme Court · 1985
- Southern California Edison Co. v. Superior CourtCalifornia Court of Appeal · 1995
- Titan Group, Inc. v. Sonoma Valley County Sanitation DistrictCalifornia Court of Appeal · 1985
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