S. Cal. Thrift & Loan v. Sylvania Elec. Prods., Inc.

Appellant Southern California Thrift & Loan complained in several counts against respondent Sylvania Electric Products, Inc., seeking various sums for breach of contract and fraud. Respondent’s demurrer to appellant’s third amended complaint was sustained without leave to amend. Judgment of dismissal was entered in favor of respondent.

The first cause of action alleges substantially:

Appellant, by merger, is the successor in interest to Pacific Thrift and Loan Company (Pacific). On October 9, 1961, Pacific entered into a factoring agreement with Pioneer Electronics Corp., a manufacturer and…