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MARTINDELL v. BODRERO

Docket No. 30448.

256 Cal.App.2d 56 (1967)

63 Cal. Rptr. 774

JOSEPH E. MARTINDELL et al., Plaintiffs and Respondents, v. LLEWELLYN G. BODRERO et al., Defendants and Appellants.

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

November 16, 1967.

Attorney(s) appearing for the Case

Pray, Price, Williams & Deatherage and William C. Price for Defendants and Appellants.

Kindel & Anderson and Malcolm G. Smith for Plaintiffs and Respondents.

ROTH, P.J.

Action upon a promissory note.

Appellants, all individuals, together with respondent Martindell, were directors and minority shareholders of a corporation known as El Bodrero Hotel, organized to build and operate a motel.

The corporation encountered financial difficulties in completing construction of the motel.

At a board meeting on February 15, 1958, appellants Bodrero and Sant each agreed to loan $6,000 to the corporation in return...

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