Family Federal Savings & Financing Assn. v. Ramos (1991)

Family Federal Savings & Financing Assn. v. Ramos (1991)

Accused Ronald J. Ramos appeals a wisdom following the demo judge directed a verdict in favor of plaintiff Domestic Government Deals & Mortgage Connection (Household Government) of Ramos’s responsibility towards the a consumer loan warranty. We affirm.

Thomas Lynn, a major mortgage administrator to have Family Government, negotiated the fresh new arrangement which have Brooks and wishing three files-the loan modification arrangement, the newest promissory mention in addition to [229 Cal

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Offender Ramos is chairman of one’s Ramos/Jensen Business (R/J Co.), a ca agency. R/J Co. was the overall mate away from a small union, the fresh new Peacock Ridge Business (Peacock), molded to-do the Peacock Ridge construction investment. Ranging from Sep 1983 and you will March 1985, plaintiff Household Government loaned almost $eight.4 billion to the Peacock union. Each one of the five operating-system.

At that time, Peacock due reasonable figures during the accumulated focus and had almost every other obligations to the your panels. Family Government acknowledged a good “workout contract” in which it forgave all but $a hundred,100 of your desire and you can accessible to loan Peacock an additional $50,000. In exchange, Peacock guaranteed to execute an effective promissory mention to have $150,100000 covered from the an individual warranty closed by Ramos.

The fresh new work out arrangement is discussed for Peacock from the Arthur Brooks, an R/J Co. worker. App. three-dimensional 1612] personal guaranty-he delivered to Brooks for the true purpose of acquiring Ramos’s trademark. Brooks returned all of the about three personal loans Blue Springs closed documents so you can Lynn to the December 18, 1986.fn. step 1

This new promissory note given a signature line for “Ronald J. Ramos, President” regarding Roentgen/J Co. because the general lover out of Peacock. Ramos signed the newest document “Roentgen.J. Ramos, Pres.” The personal guarantee integrated another surgical vocabulary:

From the November 1986, financial hardships towards the enterprise triggered Peacock to help you default toward Household Federal loans

“During the attention of your own financing regarding Association to help you Borrower, I, Ronald J. Ramos (Guarantor), undoubtedly and unconditionally be sure and you may pledge to invest to help you Organization, or whoever Organization instructions me to spend, every indebtedness regarding Debtor so you’re able to Organization evidenced from the, or perhaps in in any manner associated with the mortgage (together with but not limited by extra improves otherwise fund) or the mention, also to carry out all covenants and you can preparations out of Debtor contained in brand new note or any defense agreement between Debtor and you may Connection.” The new trademark range in the bottom of one’s file taken to the fresh signature out-of “Ronald J. Ramos.” Rather, Ramos finalized it he had finalized the fresh promissory mention: “Roentgen.J. Ramos, Pres.”

When Peacock defaulted into the the fresh note and you will Household Federal produced fit so you can impose the warranty, Ramos defended on to the floor one their signature because the “Pres.” shown an intent to help you join just R/J Co. rather than themselves directly for the guarantee. At the romantic of all the proof, new demonstration court provided Domestic Federal’s motion getting a led decision, concluding it actually was bound by the fresh court’s choice when you look at the Sebastian Global, Inc. v. Peck (1987) 195 Cal. Application. three dimensional 803 [240 Cal. Rptr. 911].

We begin with a keyword concerning the proceeding pose of your instance. The fresh new demo courtroom led a decision up against Ramos, finishing you will find no dispute during the [229 Cal. Software. three dimensional 1613] the appropriate foundational evidence and trusting by itself bound by an early on Judge from Appeal choice. (Find generally Auto Equity Conversion process, Inc. v. Superior Court (1962) 57 Cal. 2d 450, 455 [20 Cal. Rptr. 321, 369 P.2d 937].) [2a] Even in its lack of a managing appellate decision, however, the judge is actually best during the choosing one to zero jury matter was presented. Once the Best Court explained within the Parsons v. Bristol Advancement Co. (1965) 62 Cal. 2d 861 [49 Cal. Rptr. 767, 402 P.2d 839], “The translation off a created tool, even though it relates to what would securely getting titled concerns off facts [citation], is basically a judicial means as worked out according to the fundamentally approved canons regarding interpretation so that the purposes of the new device is generally provided impression. . It is therefore solely an official setting so you’re able to interpret a composed software unless the new translation converts through to the trustworthiness from extrinsic research.” (Id. during the p. 865; select as well as Scientific Operations Administration, Inc. v. National Health Labs, Inc. (1986) 176 Cal. Software. three dimensional 886, 891-892 [222 Cal. Rptr. 455].) [2b] Right here, just like the people presented absolutely nothing associated and no conflicting extrinsic research (come across Pacific Energy & E. Co. v. G.W. Thomas Drayage etcetera. Co. (1968) 69 Cal. 2d 33, 37 [69 Cal. Rptr. 561, 442 P.2d 641, forty A.L.Roentgen.three-dimensional 1373]), the brand new trial legal securely refused to submit the latest translation of authored warranty on jury. (See Scientific Surgery Management, supra, 176 Cal.Software.3d within p. 892, fn.4.) While doing so, not, we as the examining judge check out the facts and you may understand the newest guarantee de novo. (Parsons, supra, 62 Cal.2d from the p. 866; Scientific Businesses Administration, supra, 176 Cal.Software.3d from the p. 891.)

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