California Court of Appeal
STOREK & STOREK, INC. v. CITICORP REAL ESTATE, INC., A092772/24
A covenant of good faith and fair dealing cannot be implied to prohibit a lender from withholding loan funds as authorized by a loan agreement, when conditions precedent to its performance had not been fulfilled to its satisfaction, under an objective reasonableness standard.
Appellate Information
- Decided 07/15/2002
- Published 07/15/2002
Judges
Court
- California Court of Appeal