Wells Fargo Bank Minnesota v. B.C.B.U.

Opinion

BEDSWORTH, Acting P. J.

B.C.B.U. and Dee R. Bangerter, its president (collectively, B.C.B.U.), appeal from a judgment for Wells Fargo Bank Minnesota, National Association (Wells Fargo) in this action for breach of a finance lease. They argue that B.C.B.U. (lessee) and Bangerter (guarantor) have valid defenses against Wells Fargo (assignee) despite a lease clause that waived all defenses against an assignee. One argument raises an issue of first impression—whether the applicable law is California Uniform Commercial Code section 9403 (waiver of defenses against assignee enforceable) or…