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TRANSAMERICA EQUIPMENT LEASING CORP. v. UNION BANK

No. 22286.

426 F.2d 273 (1970)

TRANSAMERICA EQUIPMENT LEASING CORPORATION, a Texas corporation, Appellant, v. UNION BANK, a California corporation, Appellee.

United States Court of Appeals, Ninth Circuit.

April 10, 1970.

Attorney(s) appearing for the Case

Arthur J. Lempert (argued), San Francisco, Cal., for appellant.

Robert A. Holtzman (argued), Alfred I. Rothman, of Loeb & Loeb, Los Angeles, Cal., for appellee.

Before CHAMBERS, POPE and MERRILL, Circuit Judges.

CHAMBERS, Circuit Judge:

Pursuant to a contemplated three-party financing agreement, Transamerica sought to obtain a $600,000 loan from Union Bank to enable it to loan money to a corporation which had interests in some oil wells (Ancora Corporation). Transamerica alleges, and the bank denies, that a binding loan agreement was consummated. In this diversity action the district court found for the bank on the grounds that an...

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