ISELIN-JEFFERSON FINANCIAL CO. v. UNITED CALIFORNIA BK

Docket No. L.A. 30551.

16 Cal.3d 886 (1976)

549 P.2d 142

129 Cal. Rptr. 670

ISELIN-JEFFERSON FINANCIAL COMPANY, INC., Plaintiff and Respondent, v. UNITED CALIFORNIA BANK et al., Defendants and Appellants.

Supreme Court of California. In Bank.

May 12, 1976.


Attorney(s) appearing for the Case

COUNSEL

Donnelly, Clark, Chase & Johnson and John A. Donnelly for Defendants and Appellants.

Loeb & Loeb and Robert M. Ruben for Plaintiff and Respondent.


OPINION

RICHARDSON, J.

In this case we consider whether a notary public may be liable to a purchaser of accounts receivable for negligently acknowledging a forged signature on a guaranty agreement. We have concluded that liability may be imposed despite the potential insolvency of the person whose signature was forged.

The case was tried upon stipulated facts which are substantially...

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