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Contracts Keyed to Summers
Riverisland Cold Storage, Inc. v. Fresno-Madera Production Credit Association
Citation:
55 Cal.4th 1169, 291 P.3d 316Only StudyBuddy Pro offers the complete Case Brief Anatomy*
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- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Lance and Pamela Workman (collectively “the Workmans”) (plaintiffs) owed $776,380.24 to Fresno-Madera Production Credit Association (“Fresno”) (defendant). The Workmans restructured their debt under a new agreement with Fresno. As long as the Workmans made their specified payments, then Fresno promised it would not take any enforcement action until July 1, 2007. On March 21, 2008, Fresno recorded a notice of default. The Workmans sued Fresno for fraud and negligent misrepresentation. The Workmans alleged that Fresno’s vice president promised that he would extend their loan for two years in exchange for additional collateral. Relying on Bank of America v. Pendergrass, the trial court ruled that the fraud exception to the parol-evidence rule did not permit evidence of promises that contradicted the written agreement.
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