Legal Opinion
Wagner v. Benson
California Court of Appeal
Decided January 14, 1980No. Civ. No. 18214PublishedCited by 1 opinion
1Opinion of the Court
Opinion
BROWN (Gerald), P. J.
Orthodontist Roy Wagner and his wife, Carol, speculated in a cattle raising program offered by Mountain Shadows Ranch (MSR) in 1973. Their agreement authorized MSR to act as the Wagners’ agent in buying, maintaining and marketing their cattle.
To finance the operation the Wagners borrowed from Lloyds Bank (Bank), consistent with an understanding prenegotiated by MSR. The loan agreement not only furnished money for buying a breeding herd, but also established a maintenance fund with the Bank from which capital was disbursed as needed by MSR.
Under the Bank agreement,…
2Cases cited34 opinions
- Gruenberg v. Aetna InsuranceCalifornia Supreme Court · 1973
- Serrano v. PriestCalifornia Supreme Court · 1977
- Alcorn v. Anbro Engineering, Inc.California Supreme Court · 1970
- Universal Sales Corp. v. California Press Manufacturing Co.California Supreme Court · 1942
- Mutual Life Insurance Co. of New York v. Hilton-GreenSupreme Court of the United States · 1916
29 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Wagner v. BensonCalifornia Court of Appeal · 1980