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GRADDON v. KNIGHT

Docket No. 14257.

99 Cal.App.2d 700 (1950)

222 P.2d 329

PEYTON S. GRADDON et al., Plaintiffs and Appellants, v. RALPH C. KNIGHT et al., Defendants and Appellants; THE ANGLO SAFE DEPOSIT COMPANY et al., Interveners and Appellants.

Court of Appeals of California, First District, Division Two.

September 28, 1950.

Attorney(s) appearing for the Case

Henry C. Clausen and John H. Machado for Plaintiffs and Appellants.

Crist & Stafford and John M. Donegan for Defendants and Appellants.

Chickering & Gregory, Frederick M. Fisk, Howe & Finch and Nathan M. Finch for Interveners and Appellants.

DOOLING, J.

In June 1949 the plaintiffs Graddon, husband and wife, desiring to construct a residence procured for that purpose a so-called G.I. loan from the intervener, The Anglo California National Bank, hereinafter called the bank. To secure the loan the plaintiffs executed a deed of trust with intervener, Anglo Safe Deposit Company, named as trustee. The Graddons entered into a contract with defendant Knight for the construction of such residence. When the residence...

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