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JERMAN v. BANK OF AMERICA

Docket No. 34724.

7 Cal.App.3d 882 (1970)

87 Cal. Rptr. 88

CHARLOTTE JERMAN, Plaintiff and Appellant, v. BANK OF AMERICA, Defendant, Cross-complainant and Respondent; BEVERLY HILLS NATIONAL BANK, Cross-defendant and Respondent.

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

May 21, 1970.

Attorney(s) appearing for the Case

COUNSEL

Tankel, Toll, Lertzman & Leavitt, Tankel, Toll, Strassman & Leavitt and Arthur Toll for Plaintiff and Appellant.

Anderson, McPharlin & Conners and Peter R. Regal for Defendant, Cross-complainant and Respondent.

No appearance for Cross-defendant and Respondent.

OPINION

ROTH, P.J.

Appellant Charlotte Jerman (Jerman) and Mary Lee Cellini (Mary) had been friends for approximately 15 years. Sometime prior to October 5, 1965, Mary, in consideration of a loan to be made by Jerman, invited Jerman to participate to the extent of 10 percent of the profits which would result from the acquisition and subsequent sale by Mary and her husband Cesare Cellini of the fee title to a large parcel of property...

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