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DENO v. TRANSAMERICA TITLE INS. CO.

No. 1 CA-CIV 4597.

126 Ariz. 527 (1980)

617 P.2d 35

Ralph E. DENO and Alice M. Deno, his wife, Plaintiffs and Third Party Plaintiffs-Appellees, v. TRANSAMERICA TITLE INSURANCE COMPANY, a California corporation, Defendant and Third Party Defendant-Appellant.

Court of Appeals of Arizona, Division 1, Department A.

Rehearing Denied August 26, 1980.

Review Denied September 16, 1980.

Attorney(s) appearing for the Case

Boyle, Brown, Eaton & Pecharich by Wm. Lee Eaton, Prescott, for plaintiffs and third party plaintiffs-appellees.

Pavilack, Spack & Mulchay, P.C. by Michael V. Mulchay, Scottsdale, for defendant and third party defendant-appellant.

OPINION

FROEB, Presiding Judge.

In 1974, appellees, Ralph and Alice Deno (hereafter referred to as the Denos) entered into a contract with one Gustafson by the terms of which the Denos agreed to purchase a parcel of land of approximately 2.5 acres for the sum of $6,000.00. The parties agreed to escrow the transaction through appellant, Transamerica Title Insurance Company (Transamerica) which was to furnish title insurance to the Denos in connection with the...

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