FEDERAL DEPOSIT INS. CORP. v. DUREAU

Docket No. G006246.

212 Cal.App.3d 956 (1989)

261 Cal. Rptr. 19

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff and Respondent, v. ALBERT DUREAU et al., Defendants and Appellants.

Court of Appeals of California, Fourth District, Division Three.

July 31, 1989.


Attorney(s) appearing for the Case

COUNSEL

Ernie Zachary Park and Bewley, Lassleben & Miller for Defendants and Appellants.

John J. Wessling for Plaintiff and Respondent.


OPINION

SONENSHINE, J.

Is the Federal Deposit Insurance Corporation, acting as a receiver for an insolvent bank, protected from an unrecorded oral agreement between the bank and a debtor? We conclude, relying on D'Oench, Duhme & Co. v. F.D.I.C. (1942) 315 U.S. 447 [86 L.Ed. 956, 62 S.Ct. 676], it is.

I

In June of 1978, Albert and Maryane Dureau, principals of Cal...

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