Union Bank v. Brummell
California Court of Appeal
1Opinion of the CourtMcCABE, P. J.
This is an action for a deficiency after non judicial sale against defendants alleging them to be guarantors of a secured note. On February 12, 1964, Efficient Investments, Inc. 1 by its president, defendant Ira Brummell, and secretary, defendant Max Dillman, executed in favor of Union Bank a note in the amount of $1,700,000 secured by a deed of trust. The trust deed encumbered property appraised by the bank at $2.100,000. This appraisal was made by the bank in December 1963. Defendants personally endorsed the note and, in addition, executed continuing guarantees.
On November 12, 1965, at the…
2Cases cited6 opinions
- Freedland v. GrecoCalifornia Supreme Court · 1955
- Valinda Builders, Inc. v. BissnerCalifornia Court of Appeal · 1964
- Union Bank v. GradskyCalifornia Court of Appeal · 1968
- Everts v. MattesonCalifornia Supreme Court · 1942
- Riddle v. LushingCalifornia Court of Appeal · 1962
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3Cited by17 opinions
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- Cathay Bank v. LeeCalifornia Court of Appeal · 1993
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