[Download] "Security-First National Bank of Los Angeles v. Earp" by Supreme Court Of California * Book PDF Kindle ePub Free
eBook details
- Title: Security-First National Bank of Los Angeles v. Earp
- Author : Supreme Court Of California
- Release Date : January 05, 1942
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
TRAYNOR, J. Defendants, Mr. and Mrs. D. M. Washburn, were indebted to plaintiff, the Security First National Bank of Los Angeles, in the amount of $3,000. The debt was secured by a mortgage on certain real property owned by defendants. In 1933 defendants, together with certain other persons, executed a joint and several promissory note for $32,750, payable to plaintiff with interest at seven per cent. This note was secured by a deed of trust on other real property. In 1939 this trust deed was foreclosed and the proceeds of the sale were applied to the debt, leaving an unpaid balance of $7,850.70.