Shiver v. Liberty Building-Loan Assn.

16 Cal.2d 296 (1940)

SHEDRICK E. SHIVER, Appellant,

v.

LIBERTY BUILDING-LOAN ASSOCIATION (a Corporation) et al., Respondents.

L. A. No. 16834.

Supreme Court of California. In Bank.

October 4, 1940.

Charles S. Darden for Appellant.

M. J. Rankin, Milo V. Olson and Walter S. Home for Respondents.

EDMONDS, J.

The decisive question in this case concerns the validity of a $300 note secured by a second deed of trust exacted of the appellant by the respondent Liberty Building-Loan Assn. as a condition of its assent to the refinancing of a mortgage debt by the Home Owners' Loan Corporation.

The record shows that…