Legal Opinion
Freedom Financial Thrift & Loan v. Golden Pacific Bank
California Court of Appeal
Decided December 8, 1993No. B073941PublishedCited by 8 opinions
1Opinion of the Court
Opinion
JOHNSON, J.
Plaintiff and appellant, Freedom Financial Thrift & Loan (Freedom), appeals from a judgment of dismissal following the sustaining of a demurrer to its original complaint filed by defendant and respondent, Golden Pacific Bank (Golden). This case presents the issue whether a second lending institution, not a party to the original loan, can be responsible for a deficiency in the payoff of the original loan when the first lender’s payoff statement inadvertently understated the amount required to retire the loan. The trial court held under Civil Code section 2943 the borrower was…
2Cases cited17 opinions
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- Serrano v. PriestCalifornia Supreme Court · 1971
- Harris v. Capital Growth Investors XIVCalifornia Supreme Court · 1991
- Delaney v. Superior CourtCalifornia Supreme Court · 1990
- Kimmel v. GolandCalifornia Supreme Court · 1990
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3Cited by8 opinions
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- (HC) Leonard v. NeushmidDistrict Court, E.D. California · 2020
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