Walters

Hi-Valley Development Corp. v. Walters

Good Law
1963 Cal. App. LEXIS 1603·223 Cal. App. 2d 778·36 Cal. Rptr. 140
Court of Appeal of CaliforniaDecember 27, 1963Civ. No. 27648California2,572 words

Opinion

Lead Opinion

Lillie, J.

Plaintiff (appellant) sued, among others, Continental Capital Corporation (hereinafter referred to as CCC) and attached, as property belonging to it, $12,375 in escrow. Thereafter, Byron J. Walters (respondent) filed a complaint in intervention against all parties claiming to be owner of the funds. Meanwhile, in the main action, plaintiff dismissed all defendants except CCC; judgment was entered against it in favor of plaintiff in the sum of $13,312. Trial on the complaint in intervention resulted in judgment against plaintiff; it appeals therefrom.

Viewing the evidence in a light most favorable to respondent (Crawford v. Southern Pac. Co., 3 Cal.2d 427 [ 45 P.2d 183 ]; Primm v. Primm, 46 Cal.2d 690 [ 299 P.2d 231 ]; Grainger v. Antoyan, 48 Cal.2d 805 [ 313 P.2d 848 ]), we briefly set forth the facts leading up to the attachment. On November 10, 1960, Walters, seeking a loan of $1,100,000 to build a hotel on certain properties in Idyll wild, deposited in the bank in escrow the sum of $17,875 ($12,375 was to be paid “to the lending institution for the standby fee for [Walters’] formal commitment,” and $5,500 was paid to Contractors Counseling Services Inc. [hereinafter referred to…

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