Silver v. Bank of America National Trust & Savings Ass'n

ROSS, J. pro tem.

Bank of America National Trust and Savings Association, a corporation, is referred to herein as Bank of America or as “the bank,” and California Lands, Inc., a corporation, as Calif. Lands.

Defendant Calif. Lands was vendee under an agreement with Bank of America of numerous parcels of land owned by the bank, by the terms of which agreement the bank retained title and Calif. Lands sought other purchasers, and when sales were made title passed directly from the bank to the individual purchaser. Calif. Lands also had the right to lease or rent said lands.

In November, 1937,…