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WELLS FARGO BANK v. BANK OF AMERICA

Docket No. B079817.

32 Cal.App.4th 424 (1995)

38 Cal. Rptr.2d 521

WELLS FARGO BANK, N.A., as Trustee, etc., et al., Plaintiffs and Appellants, v. BANK OF AMERICA NT & SA, Defendant and Respondent.

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

February 16, 1995.

Attorney(s) appearing for the Case

COUNSEL

Tilles, Webb, Kulla & Grant, Stephen P. Webb, David L. Ainbender, Greines, Martin, Stein & Richland, Kent L. Richland and Feris M. Greenberger for Plaintiffs and Appellants.

White & Case, John A. Sturgeon, David J. Wilson, Matthew P. Lewis and Ullar Vitsut for Defendant and Respondent.

OPINION

BOREN, P.J.

The parties contest the enforceability of a "gold clause," a price-indexing contract clause used to adjust for inflation, which was contained in a 95-year ground lease executed in 1929. Plaintiffs, a small group of family trusts and individuals, are owners and lessors, and defendant is the current tenant and lessee. The parties are successors in interest to the 1929...

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