Tedesco v. Bekker

PUDLOWSKI, Judge.

This is an action to determine whether respondents’ payment to Creative Funding, Inc. [hereinafter CFI] of the balance on a promissory note owned by appellants, Vladimir and Nina Bekker, Trustees for Simon Bekker, satisfied all indebtedness to the appellants and required the appellants to release the deed of trust on certain realty secured by the note. The trial court found that CFI was the agent for the appellants and had express authority to collect the payment. We affirm.

In April 1985, CFI arranged an investment for appellants, who thereby loaned $27,000 to Louise Daniels…