Webster v. Southern California First National Bank

Opinion

AULT, J.

Plaintiff, the assignee of a creditor of Beautiful Ed’s, a corporate owner of a bar and restaurant in Coronado known as Trader Ed’s, appeals from a judgment of dismissal entered after the trial court had granted a motion for summary judgment in favor of defendant Southern California First National Bank (the Bank). We conclude it was error to grant the motion for summary judgment and reverse the judgment of dismissal.

Beautiful Ed’s, Inc., through Edgar J. and Margaret L. Kunkel, its president and vice-president, sold its only asset, the bar and restaurant together with the…