(Download) "Careau & Co. V. Security Pacific Business Credit Inc." by Second Appellate District, Division Three Court of Appeal of California # Book PDF Kindle ePub Free

June 02, 2021

eBook details

Title: Careau & Co. V. Security Pacific Business Credit Inc.
Author : Second Appellate District, Division Three Court of Appeal of California
Release Date : January 17, 1990
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 99 KB

Description

This appeal involves two consolidated actions: Careau & Co. and Richard Carrott v. Security Pacific Business Credit, Inc., Security Pacific National Bank, Security Pacific Corporation and Raymond C. Torres (the Carrott action); and the Careau Group v. Raymond Torres, Security Pacific Business Credit, Inc., Security Pacific National Bank, and Security Pacific Corporation (the Careau Group action). They arise out of a dispute as to (1) whether the bank defendants had made a binding commitment to provide debt financing to the plaintiffs for the leveraged (i.e., debtfinanced) buyout of a business and (2) whether the plaintiffs justifiably relied thereon. These two actions allege numerous parallel and nearly identical claims based upon both contract and tort. (See fn. 8, post.)