Legal Opinion

Bank of California v. Leone

California Court of Appeal

Decided February 21, 1974No. Civ. 32645PublishedCited by 9 opinions

1Opinion of the Court

Opinion

CHRISTIAN, J.

Defendants (members of the Leone family doing business as “Sherbo Distributing Company”) appeal from a judgment establishing their indebtedness to respondent The Bank of California National Association on three promissory notes executed by Anthony J. Leone, Sr. Two of the notes were executed in September 1968 and the third in October 1969.

The proceeds of the first two notes, each in the amount of $4,933.92, were credited to the Sherbo Distributing Company. As security the bank took assignments from Leone of the lessor’s interest in the leases of two vending machines. The…

2Cases cited3 opinions

  1. Walker v. Community BankCalifornia Supreme Court · 1974
  2. Spector v. National Pictures Corp.California Court of Appeal · 1962
  3. Appel v. HubbardCalifornia Court of Appeal · 1957

3Cited by9 opinions

  1. Federal Deposit Insurance Corporation, as Receiver of United States National Bank v. First National Finance Company, Federal Deposit Insurance Corporation, as Receiver of United States National Bank v. United Oil Well Supply CompanyCourt of Appeals for the First Circuit · 1978
  2. Black v. SullivanCalifornia Court of Appeal · 1975
  3. Heritage Pacific Financial, LLC v. Montano (In Re Montano)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2013
  4. Federal Deposit Insurance v. First National Finance Co.Court of Appeals for the Ninth Circuit · 1978
  5. Okura & Co. (America), Inc. v. Careau GroupDistrict Court, C.D. California · 1991

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