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GROUSE CREEK RANCHES v. BUDGET FINANCIAL CORP.

No. 6225.

488 P.2d 917 (1971)

GROUSE CREEK RANCHES, Appellant and Cross-Respondent, v. BUDGET FINANCIAL CORPORATION and Nevada Title Guaranty Company, Respondents and Cross-Appellants.

Supreme Court of Nevada.

September 13, 1971.

Attorney(s) appearing for the Case

Wilson and Wilson, Elko, and Keith Williams, Santa Ana, Cal., for appellant and cross-respondent.

McCune & Williams and Virgil D. Dutt, Reno, for respondent and cross-appellant Budget Financial Corp.

Emerson Wilson, Reno, for respondent and cross-appellant Nevada Title Guaranty Co.

OPINION

ZENOFF, Chief Justice.

Condensed to its simplest form the theme of this litigation finds Budget Financial Corporation (hereinafter "Budget") as a pledgee, the holder of instruments as security for monies loaned by it to Pacific Westates Land Development Corporation (hereinafter "Westates"). Grouse Creek Ranches (hereinafter "Grouse Creek"), also a creditor of Westates, seeks collection of its claim against Westate by garnishment of Nevada Title Guaranty...

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