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FINE v. SOUTHERN CAL. BUSINESS SALES, INC.

Docket No. B021971.

190 Cal.App.3d 480 (1987)

235 Cal. Rptr. 489

STEVEN FINE et al., Plaintiffs and Respondents, v. SOUTHERN CALIFORNIA BUSINESS SALES, INC., et al., Defendants and Respondents; JAMES A. EDMONDS, JR., as Real Estate Commissioner, etc., Real Party in Interest and Appellant.

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

March 20, 1987.

Attorney(s) appearing for the Case

COUNSEL

John K. Van de Kamp, Attorney General, Charles C. Kobayashi, Assistant Attorney General, Edmond B. Mamer and Lawrence P. Scherb II, Deputy Attorneys General, for Real Party in Interest and Appellant.

Ralph W. Plummer for Plaintiffs and Respondents.

No appearance for Defendants and Respondents.

OPINION

KINGSLEY, J.

In 1979, respondents owned a tavern — the Toehold Saloon — which they agreed to sell to Leanna Knemeyer. This transaction was handled by Southern California Business Sales, Inc., a real estate broker, which also acted as the escrow holder. Leanna Knemeyer agreed to pay the respondents $3,500 in cash, provide them with a $8,000 secured note, and assume an existing note for $7,000. To prevent the liquor...

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