House Federal Coupons & Financing Assn. v. Ramos (1991)

House Federal Coupons & Financing Assn. v. Ramos (1991)

Accused Ronald J. Ramos appeals a wisdom adopting the demonstration legal brought a decision in support of plaintiff Domestic Federal Offers & Loan Association (Family Federal) out-of Ramos’s accountability for the a personal bank loan guarantee. We affirm.

Thomas Lynn, a primary mortgage manager to possess Home Federal, negotiated new contract having Brooks and waiting three data files-the loan modification arrangement, the promissory mention together with [229 Cal

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Accused Ramos try chairman of your Ramos/Jensen Business (R/J Co.), a california organization. R/J Co. is actually all round companion from a limited partnership, the fresh Peacock Ridge Organization (Peacock), formed to accomplish the Peacock Ridge framework investment. Between Sep 1983 and you can February 1985, plaintiff House Government loaned nearly $7.cuatro million with the Peacock connection. Each of the five operating-system.

At that time, Peacock due nice amounts inside the accumulated notice along with other obligations in connection with your panels. Home Federal approved a great “workout agreement” in which it forgave all but $100,100 of the desire and offered to loan Peacock a supplementary $50,100000. In return, Peacock assured to do a good promissory mention to have $150,000 secure from the your own warranty closed from the Ramos.

Brand new work-out contract try negotiated on the behalf of Peacock of the Arthur Brooks, a keen Roentgen/J Co. employee. Software. three-dimensional 1612] individual guaranty-which he brought to Brooks for the intended purpose of obtaining Ramos’s trademark. Brooks returned every around three finalized files so you can Lynn into December 18, 1986.fn. step 1

The new promissory note given a signature line getting “Ronald J. Ramos, President” regarding R/J Co. since the general mate out-of Peacock. Ramos finalized the new document “Roentgen.J. Ramos, Pres.” The non-public guarantee included next surgical code:

By the November 1986, financial hardships towards the investment caused Peacock to help you standard to the Home Federal money

“Into the attention of your mortgage regarding the Connection so you’re able to Debtor, We, Ronald J. Ramos (Guarantor), surely and for any reason guarantee and you can hope to spend so you’re able to Association, or the person who Association orders me to shell out, any and all indebtedness off Debtor in order to Association confirmed because of the, or even in any way associated with the loan (along with however limited to additional advances or finance) and/or note, and to carry out all of the covenants and you can agreements away from Debtor found in the new notice otherwise any safety agreement anywhere between Debtor and Association.” The fresh new trademark line at the bottom of document taken to the new signature off “Ronald J. Ramos.” As an alternative, Ramos closed it he had closed the new promissory mention: “R.J. Ramos, Pres.”

When Peacock defaulted into new mention and you will Family Government produced match to help you demand new guaranty, Ramos defended on the ground you to his trademark once the “Pres.” expressed an intention so you’re able to join just Roentgen/J Co. and not himself myself with the warranty. During the intimate of all evidence, new demonstration court provided House Federal’s activity getting a brought verdict, finishing it had been bound by this new court’s choice inside the Sebastian Around the world, Inc. v. Peck (1987) 195 Cal. Application. 3d 803 [240 Cal. Rptr. 911].

We start off with a keyword regarding the proceeding position of situation. The brand new demo court brought a verdict up against Ramos, concluding discover no dispute from inside the [229 Cal. Application. three-dimensional 1613] the appropriate foundational evidence and you will trusting alone limited by a young Courtroom of Notice decision. (Get a hold of basically Vehicle Guarantee Transformation, Inc. v. Premium Courtroom (1962) 57 Cal https://paydayloancolorado.net/peoria/. 2d 450, 455 [20 Cal. Rptr. 321, 369 P.2d 937].) [2a] Despite the absence of a regulating appellate decision, not, the fresh new judge was right in the deciding you to definitely no jury concern was demonstrated. Once the Finest Courtroom said within the Parsons v. Bristol Advancement Co. (1965) 62 Cal. 2d 861 [forty two Cal. Rptr. 767, 402 P.2d 839], “The fresh interpretation from an authored appliance, even though it relates to what can safely feel entitled questions out-of facts [citation], is basically a judicial mode as resolved according to the essentially recognized canons out of interpretation therefore the reason for the latest software is given impact. . So it’s solely an official form to help you translate a created means until the fresh new translation converts on the fresh new dependability out-of extrinsic facts.” (Id. during the p. 865; get a hold of along with Scientific Surgery Administration, Inc. v. National Health Laboratories, Inc. (1986) 176 Cal. Application. 3d 886, 891-892 [222 Cal. Rptr. 455].) [2b] Here, because parties displayed nothing related with no conflicting extrinsic proof (discover Pacific Gasoline & Elizabeth. Co. v. Grams.W. Thomas Drayage etcetera. Co. (1968) 69 Cal. 2d 33, 37 [69 Cal. Rptr. 561, 442 P.2d 641, forty A great.L.R.three dimensional 1373]), the latest demo court securely would not fill out the new interpretation of one’s authored guaranty towards the jury. (Pick Medical Surgery Administration, supra, 176 Cal.Application.3d from the p. 892, fn.cuatro.) Likewise, although not, i since the evaluating courtroom look at the evidence and you may understand the fresh new guaranty de- novo. (Parsons, supra, 62 Cal.2d within p. 866; Scientific Operations Administration, supra, 176 Cal.App.3d on p. 891.)


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