Sherwood-Trimble
Sherwood-Trimble Medical Group v. 10001 Venice Boulevard Partnership
Opinion
Opinion
Mallano, J.
Plaintiff and appellant Sherwood-Trimble Medical Group, a California general partnership (Sherwood-Trimble), appeals from that portion of the judgment entered May 7, 1998, decreeing that a deficiency judgment would not lie against defendants and respondents 10001 Venice Boulevard Partnership, a California general partnership (10001 Venice), and two of its partners, Tuguo Sano and Norma Salceda (respondents).
The Stipulated Facts
Sherwood-Trimble owned a medical practice located at 10001 Venice Boulevard in Los Angeles. The Vendunn Company, a corporation (Vendunn), owned the real property at that address. The five individuals who were the partners in Sherwood-Trimble also owned all of the shares of Vendunn in the same respective percentages of interest. 10001 Venice desired to purchase both the medical practice and the real property. Two of the partners of 10001 Venice were also partners of Sherwood-Trimble and shareholders of Vendunn.
In a purchase and sale agreement and escrow instructions, Sherwood-Trimble and Vendunn, together described as the “[s]eller,” and 10001 Venice, as the “[b]uyer,” effected the sale of the medical practice and the real property,…