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Real Estate/Development

May 2, 2002

Escrow Holder Does Not Owe Duty to Third Parties

Focus Column - By Karl E. Geier and Christopher H. Doyle - Does an escrow holder owe a duty to protect the interests of nonparties to the escrow? In Summit Financial Holdings Ltd. v. Continental Lawyers Title Co., 27 Cal.4th 705 (2002), the California Supreme Court said no.

        Focus Column

        By Karl E. Geier and Christopher H. Doyle
        
        Does an escrow holder owe a duty to protect the interests of nonparties to the escrow? In Summit Financial Holdings Ltd. v. Continental Lawyers Title Co., 27 Cal.4th 705 (2002), the Cal...

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