United States Ninth Circuit

A default interest rate on promissory notes that have acceleration clauses upon default "without notice or demand" at the option of the holder requires the creditor to take affirmative action to notify the debtor of its intent to exercise the option.

Appellate Information

• Argued 06/11/2001
• Decided 09/25/2001
• Published 09/25/2001

Judges

• WARDLAW, Circuit Judge:, Before:  WARDLAW, PAEZ, and TALLMAN, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Steven T. Gubner,Ezra, Brutzkus, & Gubner, Encino, California, for the appellant., Talin Keshishian,Ezra, Brutzkus, & Gubner, Encino, California, for the appellant.


• For Appellees:
  
• William E. Crockett, Dion-Kindem & Crockett, Woodland Hills, California, for the appellee-debtor., James R. Felton, Greenberg & Bass, L.L.P., Encino, California, for the appellee-debtor.