Bennett

Bennett v. Ukiah Fair Ass'n

Good Law
1935 Cal. LEXIS 531·4 Cal. 2d 232·48 P.2d 36
Supreme Court of CaliforniaAugust 23, 1935Sac. No. 4940California815 words

Opinion

Lead Opinion

Waste, J.

Motions to dismiss.

Plaintiff, the holder of a mortgage on certain real property owned by the Ukiah Fair Association, appellant here, which property was also subject to a prior deed of trust, commenced this action to require the trustees, who were then proceeding to sell under the deed of trust, to impound and hold for his benefit any and all funds received in excess of the amount required to discharge the prior trust deed indebtedness. The association, as owner of the property, filed a cross-complaint, naming as cross-defendants the trustees, respondents here, wherein it requested a declaration of rights under the deed of trust and a decree restraining any sale of the property by such trustees upon the grounds they had not been properly substituted as trustees, and that they had improperly instituted proceedings to sell within ninety days after the publication of the notice of default and election to sell and that any sale by such trustees would therefore be invalid and place a cloud upon its title. The trustees interposed a general demurrer to the cross-complaint- which was sustained. Upon refusal of the cross-complainant to amend, judgment of default was entered against it on…

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