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HERSCH v. CITIZENS SAVINGS & LOAN ASSN.

Docket No. 63509.

146 Cal.App.3d 1002 (1983)

194 Cal. Rptr. 628

M.E. HERSCH et al., Plaintiffs and Respondents, v. CITIZENS SAVINGS AND LOAN ASSOCIATION et al., Defendants and Appellants.

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

August 30, 1983.

Attorney(s) appearing for the Case

COUNSEL

Stephen M. Fleishman, Marc E. Brown, Samuel Meyerhoff, Lascher & Lascher* and Edward L. Lascher* for Defendants and Appellants.

Hillel Chodos for Plaintiffs and Respondents.

OPINION

NELSON, J.*

Defendants, as joint venturers, gave plaintiffs a promissory note secured by a pledge of certain bonds. The security agreement between the parties provided that if the bonds decreased in value the defendants would pledge additional bonds. The bonds decreased in value. The defendants did not pledge additional bonds. Plaintiffs accelerated...

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