Legal Opinion
Pearl v. General Motors Acceptance Corp.
California Court of Appeal
Decided February 24, 1993No. D014094PublishedCited by 10 opinions
1Opinion of the Court
Opinion
WORK, Acting P. J.
Julius J. Pearl appeals a summary judgment in favor of General Motors Acceptance Corporation (GMAC) dismissing his claim against GMAC seeking declaratory relief regarding a pledge of stock he made to GMAC. Specifically, he asked the court to confirm that his purported termination of the pledge agreement was effective to preclude his responsibility for future loans made by GMAC to Palomar Truck Corporation and Castle Motors Inc. (jointly. Palomar) under a revolving credit arrangement known as a “flooring” line of credit. Pearl contends on appeal his purported…
2Cases cited15 opinions
- Chern v. Bank of AmericaCalifornia Supreme Court · 1976
- Appalachian Insurance v. McDonnell Douglas Corp.California Court of Appeal · 1989
- Preis v. American Indemnity Co.California Court of Appeal · 1990
- Union Bank v. GradskyCalifornia Court of Appeal · 1968
- Torrey Pines Bank v. HoffmanCalifornia Court of Appeal · 1991
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3Cited by10 opinions
- Fireman's Fund Insurance v. Maryland Casualty Co.California Court of Appeal · 1994
- Leon v. Family Fitness Center ( 107), Inc.California Court of Appeal · 1998
- Kulesa v. CastleberryCalifornia Court of Appeal · 1996
- Central Building, LLC v. CooperCalifornia Court of Appeal · 2005
- Stenseth v. Wells Fargo Bank, N.A.California Court of Appeal · 1995
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