ROTH, P.J.
Bill D. Moulton, appellant, owned a tavern in Pasadena, known as Barnacle Bill's, the operation of which was being investigated by the Alcoholic Beverage Control Board (ABCB). Pending the investigation, Moulton sold the tavern to defendant Charles L. Drouet, respondent. An escrow for the sale was opened on November 26, 1962. The escrow was closed in early July 1963. On March 17, 1963, following the transfer to him of the on-sale beer license, Drouet took...
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