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RAINIER CREDIT CO. v. WESTERN ALLIANCE CORP.

Docket No. A019155.

171 Cal.App.3d 255 (1985)

217 Cal. Rptr. 291

RAINIER CREDIT COMPANY, Plaintiff and Appellant, v. WESTERN ALLIANCE CORPORATION, Defendant and Respondent.

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

August 20, 1985.

Attorney(s) appearing for the Case

COUNSEL

Edmund T. King II, Jan T. Chilton, Stephen L. Garber and Severson, Werson, Berke & Melchior for Plaintiff and Appellant. Fred R. Brinkop, Kristi L. Pearce and Branson, Fitzgerald & Howard for Defendant and Respondent.

OPINION

JAMES, J.*

Rainier National Bank (the Bank) required as a condition of advancing certain loans that its borrowers insure the collateral they used to secure their loans. The Bank's loan agreement provided that the Bank could purchase insurance at the borrower's expense should the borrower neglect to obtain insurance. Because of the cost involved in determining whether insurance had been provided...

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