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UNITED CAL. BANK v. PRUDENTIAL INS. CO., ETC

Nos. 1 CA-CIV 5135, 1 CA-CIV 5495.

140 Ariz. 238 (1983)

681 P.2d 390

UNITED CALIFORNIA BANK, a California corporation, Plaintiff-Appellee, Cross-Appellant, v. The PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey corporation, Defendant-Appellant, Cross-Appellee. NAMETCO, an Arizona corporation, HRP Hotel Company, an Arizona limited partnership, the partners of which are Sam Shapiro, Barry Shapiro, Lawrence J. Shapiro, Michael Haskes, Ben Klimist, Joseph H. Filner and Nametco Corporation, Plaintiffs-Appellees, Cross-Appellants, v. The PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey corporation, Defendant-Appellant, Cross-Appellee.

Court of Appeals of Arizona, Division 1, Department A.

Review Denied February 16, 1984.

Attorney(s) appearing for the Case

Lewis & Roca by John P. Frank, Douglas L. Irish and Andrew S. Gordon, Phoenix, for The Prudential Ins. Co. of America.

Martori, Meyer, Hendricks & Victor by Edwin F. Hendricks, Andrew D. Hurwitz, James E. Scarboro and Randall C. Nelson, Law Offices of Donald D. Meyers, Phoenix, for Nametco, HRP Hotel Co., Sam Shapiro, Barry Shapiro, Lawrence J. Shapiro, Michael Haskes, Ben Klimist and Joseph H. Filner.

Streich, Lang, Weeks & Cardon by Dan M. Durrant, William S. Hawgood, II, and Louis A. Stahl, Phoenix, for United California Bank.

TABLE OF CONTENTS

                                                                     page

   I. Introduction                                                    398

  II. Facts                                                           398

      A. The Background of the Hotel                                  398

      B. The Loan Transaction                                         399

      C. The Trial Court Proceedings                      ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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