Legal Opinion
California Bank & Trust v. DelPonti
California Court of Appeal
Decided December 9, 2014No. E053187PublishedCited by 2 opinions
1Opinion of the Court
Opinion
RAMIREZ, P. J.
Five Comers Rialto, LLC (Five Corners), obtained a construction loan from Vineyard Bank (Bank) to develop a 70-unit town-home project (Project), with guaranties from Thomas DelPonti and David Wood, principals of Five Corners (Guarantors). Five Comers contracted with Advent, Inc. (Advent), a general contractor, to build the project in two phases. Everything went according to schedule for the first 18 months. However, when phase one of the Project was nearly complete, the Bank stopped *165funding approved payment applications, preventing completion and sale of the phase one…
2Cases cited9 opinions
- Camp v. Jeffer, Mangels, Butler & MarmaroCalifornia Court of Appeal · 1995
- Sumitomo Bank of Cal. v. IwasakiCalifornia Supreme Court · 1968
- Wiener v. Van WinkleCalifornia Court of Appeal · 1969
- Jacobs v. Universal Development Corp.California Court of Appeal · 1997
- WRI Opportunity Loans II, LLC v. CooperCalifornia Court of Appeal · 2007
4 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Sapinish Inn v. Nara Bank CA4/1California Court of Appeal · 2015
- Womble v. Osborne CA4/3California Court of Appeal · 2016