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WACHOVIA BANK v. LIFETIME INDUSTRIES, INC.

No. E037560.

52 Cal.Rptr.3d 168 (2006)

145 Cal.App.4th 1039

WACHOVIA BANK, as Asset Trustee, etc., Plaintiff and Respondent, v. LIFETIME INDUSTRIES, INC., Defendant and Appellant.

Court of Appeal of California, Fourth District, Division Two.

December 15, 2006.

Attorney(s) appearing for the Case

Dill and Showier and Scott Showier, Redlands, for Defendant and Appellant.

Baker & Hostetler, Gary York and Lisa I. Carteen, Los Angeles, for Plaintiff and Respondent.

OPINION

KING, J.

INTRODUCTION

When the holder of an option to purchase real property exercises the option and thereby obtains title to the property, the optionee's title relates back to the date the option was given. As a result, interests in the property that arose between the date of the option and the transfer of title to the optionee are extinguished if the owner of the intervening interest had...

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