Kistler v. Vasi

In Kistler v. Vasi (1969) 71 Cal.2d 261, the defendants argued that, despite its amendment, the statute still applied to bar the plaintiffs' recovery because they were vendors. The court held that Code of Civil Procedure section 580b did not apply because the plaintiffs were third-party lenders of purchase money for commercial property, not vendors. (Ibid.) The court further stated "it is immaterial whether the third party who assists in the financing makes a payment of part of the price to the vendor in exchange for the vendee's note and deed of trust. . . . " ( Id. at p. 264.)