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3005 REVIEW GRANTED An escrow holder with knowledge that a lienholder has assigned to another its rights as a secured creditor owes a non-participant assignee no duty to make payment according to the assignment.CitationSUMMIT v CONTINENTAL (Escrow Duty) 87 CA4 1379 [See: Kirby v Palos Verdes Escrow 183 CA3 57; Vournas v Fidelity 73 CA4 668, T/AT 8/99; Romo v Stewart Title 35 CA4 1609; Biakanja v Irving 49 C2 647] |
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Finz Case Law Summaries (Finz Advance Tapes)
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