Sala V. American Savings & Loan Association Sala V. American Savings & Loan Association

Sala V. American Savings & Loan Association

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Publisher 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.

GENRE
Professional & Technical
RELEASED
1971
21 October
LANGUAGE
EN
English
LENGTH
33
Pages
PUBLISHER
LawApp Publishers
SIZE
81.3
KB

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