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CITIZENS BANK v. BEVERLY FIN. CO.

Docket No. 8398.

127 Cal.App.2d Supp. 835 (1954)

273 P.2d 714

CITIZENS NATIONAL TRUST AND SAVINGS BANK OF LOS ANGELES, Respondent v. BEVERLY FINANCE COMPANY, Appellant.

Court of Appeals of California, Appellate Department, Superior Court, Los Angeles.

August 26, 1954.

Attorney(s) appearing for the Case

McCarroll & McCarroll for Appellant.

Henry Merton for Respondent.

PATROSSO, J.

This controversy involves the title to a 1949 Oldsmobile. Car Leasing of America, Inc. (hereafter referred to as "CLA" or "trustee"), a used car dealer, with whose nefarious machinations this court has had occasion to become quite familiar, being desirous of acquiring the car in question from its then owner, secured the necessary financing from the defendant for the purchase thereof. This took the form of a trust receipt transaction, whereby defendant...

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