Does a subordination agreement need to be defined and specific in terms and provisions?
California, United States of America
The following excerpt is from Gluskin v. Atlantic Savings & Loan Assn., 108 Cal.Rptr. 318, 32 Cal.App.3d 307 (Cal. App. 1973):
7 This case does not present questions related to the definitiveness and specificity required in subordination agreements as to the terms and provisions of the loans and similar matters. (See Handy v. Gordon, Supra, 65 Cal.2d 578, 55 Cal.Rptr. 769, 422 P.2d 329.)
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