Household Government Savings & Loan Assn. v. Ramos (1991)

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Defendant Ronald J. Ramos is attractive a view following trial court led a verdict and only plaintiff Family Government Savings & Loan Organization (Household Government) regarding Ramos’s responsibility into an unsecured loan guarantee. I affirm.

Thomas Lynn, a major loan officer to have Domestic Federal, negotiated the fresh arrangement with Brooks and you may waiting about three data files-the loan amendment agreement, the fresh promissory note as well as the [229 Cal

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Defendant Ramos is chairman of one’s Ramos/Jensen Business (R/J Co.), a california enterprise. R/J Co. are all round companion out-of a finite commitment, the fresh new Peacock Ridge Providers (Peacock), shaped doing the Peacock Ridge structure project. Ranging from Sep 1983 and February 1985, plaintiff Household Federal loaned almost $7.4 billion towards Peacock connection. All the five os.

When this occurs, Peacock owed good-sized figures into the accumulated attract together with almost every other loans to the the project. Domestic Government acknowledged a beneficial “exercise agreement” where it forgave just about $one hundred,000 of your attention and you will agreed to loan Peacock an additional $fifty,000. In return, Peacock assured to execute a great promissory mention having $150,100000 safeguarded because of the a personal warranty finalized by Ramos.

The fresh workout agreement are discussed for Peacock because of the Arthur Brooks, a keen R/J Co. personnel. Software. 3d 1612] individual guarantee-he delivered to Brooks with regards to acquiring Ramos’s trademark. Brooks came back all the three closed files to help you Lynn to the December 18, 1986.fn. step 1

The newest promissory mention given a trademark range to possess “Ronald J. Ramos, President” out of Roentgen/J Co. due to the fact general mate off Peacock. Ramos signed the file “Roentgen.J. Ramos, Pres.” The non-public warranty provided the following surgical vocabulary:

Of the November 1986, financial hardships towards enterprise caused Peacock to help you standard to the Household Federal financing

“Inside believe of the loan regarding the Association so you can Debtor, We, Ronald J. Ramos (Guarantor), definitely and you will unconditionally verify and you may pledge to expend so you can Connection, otherwise the person who Connection commands us to shell out, any and all indebtedness regarding Borrower to Organization evidenced from the, or in in whatever way associated with the mortgage (also not restricted to extra advances or funds) or even the note, and create all covenants and arrangements regarding Debtor contained in the new note otherwise any cover contract anywhere between Debtor and you can Relationship.” The brand new trademark range at the bottom of your document taken to the new trademark off “Ronald J. Ramos.” Instead, Ramos signed it as he previously closed new promissory note: “Roentgen.J. Ramos, Pres.”

When Peacock defaulted for the the fresh notice and you will Household Federal introduced suit to help you impose the brand new warranty, Ramos defended on to the ground one their trademark as “Pres.” conveyed a purpose to join just R/J Co. rather than themselves individually on guaranty. At the romantic of all the facts, the fresh demonstration court supplied Home Federal’s action to possess a led decision, concluding it had been limited by new court’s choice inside the Sebastian Globally, Inc. v. Peck (1987) 195 Cal. Software. three dimensional 803 [240 Cal. Rptr. 911].

We start with a phrase regarding the procedural pose of one’s situation. The latest trial courtroom brought a verdict against Ramos, finishing you will find zero dispute in [229 Cal. App. three dimensional 1613] the relevant foundational evidence and you may thinking alone limited by an early Courtroom of Interest decision. (Find generally Vehicles Collateral Conversion, Inc. v. Advanced Courtroom (1962) 57 Cal. 2d 450, 455 [20 Cal. Rptr. 321, 369 P.2d 937].) [2a] Even yet in its lack of a regulating appellate choice, however, new courtroom is proper within the determining one no jury matter try displayed. Since Finest Legal told me for the Parsons v. Bristol Development Co. (1965) 62 Cal. 2d 861 [49 Cal. Rptr. 767, 402 P.2d 839], “The fresh translation off an authored device, although it pertains to what might safely feel entitled issues out-of truth [citation], is essentially an official means as exercised according to generally acknowledged canons regarding translation therefore the reason for new device could be provided impact. . It is therefore entirely an official form to help you understand an authored appliance except if the translation turns upon the fresh trustworthiness off extrinsic evidence.” (Id. at p. 865; come across as well as Medical Operations Management, Inc. v. Federal Wellness Labs, Inc. (1986) 176 Cal. Software. 3d 886, 891-892 [222 Cal. Rptr. 455].) [2b] Right here, as events demonstrated little related without conflicting extrinsic research (see Pacific Gas & Elizabeth. Co https://paydayloancolorado.net/catherine/. v. Grams.W. Thomas Drayage etc. Co. (1968) 69 Cal. 2d 33, 37 [69 Cal. Rptr. 561, 442 P.2d 641, forty A great.L.R.three-dimensional 1373]), brand new trial courtroom securely would not fill in the translation of authored guaranty with the jury. (Discover Scientific Surgery Management, supra, 176 Cal.App.three dimensional from the p. 892, fn.4.) While doing so, however, we given that evaluating judge look at the facts and you can understand the newest warranty de novo. (Parsons, supra, 62 Cal.2d within p. 866; Scientific Businesses Administration, supra, 176 Cal.Software.three-dimensional within p. 891.)