Legal Opinion
Cathay Bank v. Lee
California Court of Appeal
Decided April 15, 1993No. Docket Nos. G011829, G012168PublishedCited by 25 opinions
1Opinion of the Court
Opinion
SILLS, P. J.
I
This is a loan guaranty case. Appellant Tom Y. Lee guaranteed a $5.2 million loan from Cathay Bank to a hotel firm of which he was the corporate secretary and a director. The loan was secured by a Quality Inn in Buena Park. The hotel firm defaulted, and the bank foreclosed in a private sale. There was a deficiency between the amount realized at the sale and the amount owing on the loan, and the bank obtained a summary judgment for the difference against Lee, who appeals.
The dispositive issue before us is whether Lee explicitly waived what might be called the “Gradsky…
2Cases cited16 opinions
- Glendale Federal Savings & Loan Ass'n v. Marina View Heights Development Co.California Court of Appeal · 1977
- BP Alaska Exploration, Inc. v. Superior CourtCalifornia Court of Appeal · 1988
- Krueger v. Bank of AmericaCalifornia Court of Appeal · 1983
- In Re Marriage of VomackaCalifornia Supreme Court · 1984
- Union Bank v. GradskyCalifornia Court of Appeal · 1968
11 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- DRG/Beverly Hills, Ltd. v. Chopstix Dim Sum Cafe and Takeout III, Ltd.California Court of Appeal · 1994
- Miller v. United StatesCourt of Appeals for the Ninth Circuit · 2004
- River Bank America v. DillerCalifornia Court of Appeal · 1995
- Miller v. United StatesCourt of Appeals for the Ninth Circuit · 2004
- Miller v. United States (In Re Miller)United States Bankruptcy Court, N.D. California · 2000
20 more not listed; retrieve them via the Exa API.