PACIFIC FINANCE CORP. v. CRANE

Docket No. 4699.

131 Cal.App.2d 399 (1955)

280 P.2d 502

PACIFIC FINANCE CORPORATION (a Corporation), Respondent, v. R.M. CRANE et al., Appellants.

Court of Appeals of California, Fourth District.

March 10, 1955.


Attorney(s) appearing for the Case

Harold A. McCabe, G.V. Weikert and Ernest R. Utley for Appellants.

Crowe, Mitchell & Hurlbutt, Hugh M. Foster, Jr., Ivan C. Tagert and Mansfield A. Mills for Respondent.


BARNARD, P.J.

This is an action to foreclose a trust deed, a chattel mortgage, and a pledge agreement given to secure a note executed by the individual defendants.

On June 13, 1946, the plaintiff loaned $195,000 to the nine individual defendants for the purpose of enabling them to purchase 1,950 acres of land. Two checks totalling that amount were dated and delivered on that day, both being payable to and endorsed by all of the individual defendants. On the...

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