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FIRST SMALL BUSINESS INV. CO. v. SISTIM, INC.

Docket Nos. 35104, 35103.

12 Cal.App.3d 645 (1970)

90 Cal. Rptr. 798

FIRST SMALL BUSINESS INVESTMENT COMPANY OF LOS ANGELES, Plaintiff and Respondent, v. SISTIM, INC., Defendant and Appellant. FIRST SMALL BUSINESS INVESTMENT COMPANY OF LOS ANGELES, Plaintiff and Respondent, v. PATRICK F. KOENIGSBERGER, Defendant and Appellant. (Two Cases.)

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

November 4, 1970.

Attorney(s) appearing for the Case

COUNSEL

Wright, Wright, Tolton & Van Zyl and Gyte Van Zyl for Defendants and Appellants.

Joseph J. Cogen, Goldstein, Gentile & Kirshman and Norman H. Kirshman for Plaintiff and Respondent.

OPINION

GUSTAFSON, J.

Defendant Patrick F. Koenigsberger was the president and principal shareholder of defendant Sistim, Inc. In 1965 Koenigsberger executed a promissory note in favor of plaintiff in the amount of $50,000 and Sistim, Inc., executed a promissory note in favor of plaintiff in the amount of $25,000.

In 1968, the notes not having been paid, plaintiff brought two...

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