Home Escrow Service Corp. v. County of Los Angeles

Plaintiff’s demand for a tax refund having been denied, it brought this action to enforce repayment. Upon judgment being rendered for plaintiff, the county appealed.

Plaintiff is engaged in the business of handling escrow transactions involving the sale or encumbrance of both real and personal property. In the course of these escrows funds are delivered to the plaintiff to be used in connection with the particular transaction. The escrow instructions provide that “all funds deposited in this escrow shall be placed by you in a trust account in your name in a Chartered Bank designated by you.”…