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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Hagge v. Drew, 27 Cal. 2d 368 (1945)

Citation
Hagge v. Drew, 27 Cal. 2d 368 (1945)
Parent Document
Hagge v. Drew, 27 Cal. 2d 368 (1945)
Jurisdiction
California (state)
Effective Date
1945-12-14

Other Sections in This Document (51)

Full Text

602 chars
On the matter of breach of contract it appears that the trust deed, after relating the usual obligations and duties, states that it is “contemplated” that the property will be subdivided prior to the “payment of the debt”; that bonds must be posted to secure the payment of expenses involved in the subdivision; that if there is no default in the trust deed, partial reconveyances shall be executed by the trustee upon the payment of the debt at the rate of $150 per lot for the acreage released; that all release payments received shall be applied on the next installment of principal of the debt *378