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BUSSE v. PACIFIC EMPLOYERS INS. CO.

Docket No. 43058.

43 Cal.App.3d 558 (1974)

117 Cal. Rptr. 718

EDWARD W. BUSSE, Plaintiff and Appellant, v. PACIFIC EMPLOYERS INSURANCE COMPANY, Defendant and Respondent.

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

November 27, 1974.

Attorney(s) appearing for the Case

COUNSEL

Dudley Gray for Plaintiff and Appellant.

Montgomery, Bottum, Regal & McNally and H. Vincent McNally for Defendant and Respondent.

OPINION

HASTINGS, J. —

STATEMENT OF THE CASE

On March 1, 1966, Edward W. Busse (Busse), plaintiff and appellant, loaned A.C. DeForest (DeForest) and John L. Ott (Ott) the sum of $18,800 on a vacant lot on Hawthorne Street (Hawthorne property) in South Pasadena, California, to enable DeForest and Ott to construct a single family residence thereon. Prior to construction, a performance bond was executed guaranteeing...

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