Mefford
Mefford v. Security Title Insurance
Opinion
Opinion
Conley, J.
This is an appeal from a judgment denying damages to the plaintiffs in an action in which they ask for $25,000 because of the alleged negligence of defendant, its alleged breach of contract, and its alleged fraud and misrepresentation. The case centers about an escrow which was opened by the plaintiffs, O. P. Mefford and wife, the owners of a parcel of land in the City of Tulare, and A. C. King, Inc. (hereinafter sometimes referred to as King), the proposed purchaser.
Plaintiffs suffered a considerable loss in their transaction with the King firm, and they now seek a remedy against the title company as escrow holder on the basic ground that $10,000 which was supposed to be deposited with the defendant by the King organization was in the form of a cheek and not in cash; the title company assured the plaintiffs at various times that the $10,000 was in fact deposited, and thus became liable for the production of $10,000 in cash if the completion of the escrow should require it. However, the record shows that the escrow was never completed but was, in fact, canceled at the request of the plaintiffs and that no money under the escrow ever became due from the title company. Plaintiffs’…