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UFITEC, S.A. v. CARTER

Docket No. L.A. 30767.

20 Cal.3d 238 (1977)

571 P.2d 990

142 Cal. Rptr. 279

UFITEC, S.A., Plaintiff and Appellant, v. WILLIAM H. CARTER, Defendant and Respondent.

Supreme Court of California.

December 8, 1977.

Attorney(s) appearing for the Case

COUNSEL

Lawler, Felix & Hall, Kenneth B. Wright, Robert P. Mallory and Charles G. Ehrlich for Plaintiff and Appellant.

Dern, Mason, Swerdlow & Floum, Nicholas & Nebenzahl, Frederick M. Nicholas, Richard H. Floum and Melvyn Mason for Defendant and Respondent.

OPINION

CLARK, J.

Plaintiff UFITEC, S.A. (UFITEC), a Swiss banking corporation, appeals from judgment in favor of defendant William H. Carter in an action to recover under Carter's agreement to absorb losses incurred in a security trading venture. We affirm the judgment.

Carter, a Los Angeles resident, was president of Kleiner Bell Realty Company, subsidiary of Kleiner Bell Company, Inc., a security brokerage firm, which as...

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