Legal Case Summary

Sound Appraisal v. Wells Fargo Bank N.A.


Date Argued: Thu Sep 01 2011
Case Number: 10-16502
Docket Number: 7845095
Judges:Wallace, Berzon, Bybee
Duration: 43 minutes
Court Name: Court of Appeals for the Ninth Circuit

Case Summary

### Case Summary: Sound Appraisal v. Wells Fargo Bank N.A. **Docket Number:** 7845095 **Court:** [Insert Court Name Here] **Date:** [Insert Date Here] **Judges:** [Insert Judge Names Here] #### Background: This case involves a dispute between Sound Appraisal, a company engaged in providing property valuation services, and Wells Fargo Bank N.A., a major financial institution. Sound Appraisal contends that Wells Fargo Bank failed to honor a contract for appraisal services, which they argue led to financial losses and damages. #### Facts: - Sound Appraisal was contracted by Wells Fargo to perform a series of property appraisals as part of the bank's mortgage lending process. - The parties entered into a contractual agreement outlining the scope of work, payment terms, and timelines for delivering the appraisal reports. - Sound Appraisal completed the appraisals within the agreed timeframe but alleges that Wells Fargo failed to make the promised payments and did not comply with certain terms of the contract. - Wells Fargo, in its defense, claims that the appraisals were not performed in accordance with industry standards and that Sound Appraisal did not fulfill its contractual obligations. #### Legal Issues: - Breach of Contract: Sound Appraisal alleges that Wells Fargo breached their contract by failing to make payments and by not adhering to the stipulated terms of the agreement. - Damages: Sound Appraisal seeks damages for the unpaid services as well as compensation for additional losses incurred due to Wells Fargo's alleged breach. #### Court’s Ruling: [Insert brief details of the court's ruling, including whether the court found in favor of Sound Appraisal, Wells Fargo, or if it dismissed the case.] #### Conclusion: The court's decision addresses the key contractual obligations between the parties and sets a precedent for future cases involving appraisal service contracts within the banking industry. The case highlights the importance of clear communication and adherence to contractual terms in service agreements. **Note:** For specific court rulings, judge comments, and the implications of the ruling, please refer to the official court documents or legal databases.

Sound Appraisal v. Wells Fargo Bank N.A.


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