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CATHAY BANK v. LEE

Docket Nos. G011829, G012168.

14 Cal.App.4th 1533 (1993)

18 Cal. Rptr.2d 420

CATHAY BANK, Plaintiff and Respondent, v. TOM Y. LEE, Defendant and Appellant.

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

April 15, 1993.

Attorney(s) appearing for the Case

COUNSEL

Barton, Klugman & Oetting, Dale A. Hudson and John S. Chang for Defendant and Appellant.

Frandzel & Share, Thomas M. Robins III and Peter Csato for Plaintiff and Respondent.

OPINION

SILLS, P.J. —

I.

This is a loan guaranty case. Appellant Tom Y. Lee guaranteed a $5.2 million loan from Cathay Bank to a hotel firm of which he was the corporate secretary and a director. The loan was secured by a Quality Inn in Buena Park. The hotel firm defaulted, and the bank foreclosed in a private sale. There was a deficiency between the amount realized at the sale and the amount owing on the loan, and...

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