Jeanese, Inc. v. Surety Title & Guaranty Co.

Plaintiff appeals from a judgment in favor of defendants in an action (1) for damages based on a negligent reconveyance of real property and (2) on an account stated and breach of contract of settlement.

Question Presented

Was defendant Surety Title Company’s unauthorized re-conveyance the proximate cause of any loss to plaintiff?

Record

Builders Associates, Inc., executed a note to Crist and Jones, subsequently assigned to plaintiff, for $18,000, secured by a second deed of trust on the real property being thereby purchased. Defendant Surety Title was named trustee. Each parcel of the property…