[Download] "Sumitomo Bank Of California V. Taurus Developers Inc." by Fourth Appellate District, Division One Court of Appeal of California ~ Book PDF Kindle ePub Free

January 26, 2021

eBook details

Title: Sumitomo Bank Of California V. Taurus Developers Inc.
Author : Fourth Appellate District, Division One Court of Appeal of California
Release Date : January 05, 1986
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 83 KB

Description

The Sumitomo Bank of California (Bank or Sumitomo) appeals from a judgment of dismissal after demurrers were sustained without leave to amend on its causes of action against Taurus Developers, Inc. We affirm the portion of the judgment dismissing the causes of action for breach of contract, bad faith waste, fraud, and violations of the Business and Professions Code, since they are barred under the full credit bid rule; and for strict liability since it is not applicable to a lender in a real estate transaction who purchases a defective construction project. We reverse the portion of the judgment dismissing the negligent construction cause of action since we find a beneficiary-purchaser at a trustee's sale may state a negligence claim against a builder, independent of an impairment of security claim.