Court of Appeals for the Ninth Circuit December 17, 1985, No. 84-5939 (Farber v. 405 N. Bedford Dr. Corp.)

PREGERSON, Circuit Judge:

FACTS

On May 1, 1979, Elliot Feldman, the owner of a piece of property in Beverly Hills known as 405 North Bedford Drive, executed promissory notes in favor of James Farber; Lucy Farber Mattingly; United California Bank and Isaac Pacht, as co-trustees under the will of Simeon Aller;1 and Vivian Kaye (“the beneficiaries”).