(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.