(Download) "Sala V. American Savings & Loan Association" by Supreme Court Of California * Book PDF Kindle ePub Free
eBook details
- Title: Sala V. American Savings & Loan Association
- Author : Supreme Court Of California
- Release Date : January 21, 1971
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 81 KB
Description
Plaintiffs Frank La Sala, Grace La Sala, and Dorothy Iford brought a class action against American Savings & Loan Association,*fn1 (hereinafter "American") alleging that a provision in American's form of trust deed, which permits American to accelerate if the borrower executes a junior encumbrance on the secured property, constituted an invalid restraint upon alienation. American offered to waive enforcement of that provision as to Iford and the La Salas. The superior court then held that by reason of this waiver the named plaintiffs no longer represented the class, and dismissed the action.
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