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COMMON WEALTH INS. SYSTEMS, INC. v. KERSTEN

Docket No. 13390.

40 Cal.App.3d 1014 (1974)

115 Cal. Rptr. 653

COMMON WEALTH INSURANCE SYSTEMS, INC., Plaintiff; THOMAS J. CRIBBS et al., Plaintiffs, Cross-defendants and Appellants, v. PAUL J. KERSTEN, Defendant, Cross-complainant and Respondent. CARL E. DONAHUE et al., Plaintiffs and Appellants, v. PEARSON, SCOTT AND COMPANY et al., Defendants and Respondents.

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

July 30, 1974.

Attorney(s) appearing for the Case

COUNSEL

Baum & Fenster and Stephen M. Fenster for Plaintiffs, Cross-defendants and Appellants and for Plaintiffs and Appellants.

No appearance for Plaintiff.

Dillon, Boyd, Dougherty & Perrier, H. Morgan Dougherty, John P. Carroll, Schell & Delamer and Mark B. Pepys for Defendants, Cross-complainants and Respondents and for Defendants and Respondents.

OPINION

TAMURA, J.

This is an appeal from a judgment in consolidated actions involving a $25,000 loan from defendant Paul J. Kersten to Common Wealth Insurance Systems, Inc. (Common Wealth).

The $25,000 loan was evidenced by a promissory note1 executed by Charles Wimberly, as President of Common Wealth and as an individual, and by three of the principal...

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