Clayton Development Co., Inc. v. Falvey

Opinion

KREMER, P. J.

Plaintiff Clayton Development Company, Inc. (Clayton), appeals summary judgment favoring defendants Michael and Christie Falvey (Falvey) on its action on a promissory note. Clayton contends the court erred in holding the action was barred by California antideficiency statutes. Clayton also attacks the attorney fee award favoring Falvey. We affirm.

I

For purposes of Falvey’s motion for summary judgment the parties stipulated:

In 1981 Falvey decided to buy a condominium as an investment from Ascot Park Associates (Ascot), a partnership in which Clayton was a partner. Ascot’s…