Legal Opinion
Puyallup Valley Bank v. Mosby
Court of Appeals of Washington
Decided July 8, 1986No. 7639-0-IIPublishedCited by 5 opinions
1Opinion of the CourtWorswick, C.J.
Wayne Mosby and Richard Maestas were sole shareholders and officers of M & M Crushing, Inc., a rock crushing company. The company financed its operations with loans from Puyallup Valley Bank. As security for the loans, in 1978 the Mosbys and the Maestases executed personal guaranties of all present and future debts owed to the bank by M & M Crushing.
In 1980, the bank asked for additional security, and M & M Crushing gave the bank a $47,000 mortgage on its vend-ee's interest in a real estate contract for several lots in Victor Falls Residential Park. M & M Crushing was in default under the…
2Cases cited9 opinions
- Langeveld v. L. R. Z. H. Corp.Supreme Court of New Jersey · 1977
- National Bank v. Equity InvestorsWashington Supreme Court · 1976
- Rempa v. LaPorte Production Credit Ass'nIndiana Court of Appeals · 1983
- Warren v. Washington Trust BankWashington Supreme Court · 1979
- North Bank v. Circle Investment Co.Appellate Court of Illinois · 1982
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- One Pacific Towers Homeowners' Ass'n v. HAL Real Estate Investments, Inc.Court of Appeals of Washington · 2001
- One Pacific Towers Homeowners'ass'n v. Hal Real Estate Inv.Court of Appeals of Washington · 2001
- Colo. Structures, Inc. v. INSURANCE CO. OF WESTCourt of Appeals of Washington · 2005
- Colorado Structures, Inc. v. Insurance Co. of the WestCourt of Appeals of Washington · 2005
- Hemenway v. MillerCourt of Appeals of Washington · 1989