Opinion

Bankers Life Co. v. Canterbury

  • 5 Cal. 2d 782
Court
California Supreme Court
Filed
Jan 28, 1936
Status
Published
Cited by
0 cases
Authority
More cited than 28.6%

The opinion

THE COURT.

The sole question involved in this appeal is whether section 2924% of the Civil Code, enacted in 1933, which section precludes the entry of a deficiency judgment unless one year, as distinguished from the former period of three months, has lapsed between the recordation of the notice of breach and election to sell and the date of sale under a deed of trust, may be applied to deeds of trust executed prior to the effective date of the section. The trial court, by sustaining a demurrer to the complaint without leave to amend, concluded that the section should be given a retroactive application. This is contrary to our decision in Brown v. Ferdon, L. A. No. 14775 (ante, p. 226 [ 54 Pac. (2d) 712 ], this day filed, wherein we held that the section could not be retroactively applied without doing violence to the " contract clause” of the Constitution.

For the reasons advanced in Brown v. Ferdon, supra, and upon the authority thereof, the judgment herein is reversed.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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