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

Defendant Ronald J. Ramos appeals a wisdom following demo courtroom directed a decision in support of plaintiff Domestic Government Deals & Financing Connection (Home Federal) out of Ramos’s liability into the a consumer loan guaranty. We affirm.

Thomas Lynn, a major loan manager for House Federal, discussed the fresh new arrangement having Brooks and you may waiting around three data-the mortgage amendment agreement, this new promissory mention together with [229 Cal

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Accused Ramos is actually chairman of Ramos/Jensen Providers (R/J Co.), a california firm. R/J Co. is the entire spouse off a small relationship, this new Peacock Ridge Business (Peacock), formed to do brand new Peacock Ridge design project. Ranging from Sep 1983 and you can February 1985, plaintiff House Government loaned nearly $seven.4 mil toward Peacock union. Each one of the four os.

At that time, Peacock due nice sums for the accumulated attract and had other personal debt regarding the your panels. House Government recognized a good “work out contract” where it forgave all but $one hundred,000 of one’s interest and you can agreed to mortgage Peacock an additional $50,100000. Inturn, Peacock promised to perform a beneficial promissory note having $150,000 secure because of the a personal guaranty finalized of the Ramos.

The latest workout arrangement is actually negotiated on the behalf of Peacock from the Arthur Brooks, an Roentgen/J Co. personnel. Application. 3d 1612] private warranty-that he delivered to Brooks with regards to getting Ramos’s trademark. Brooks came back the about three closed data files so you can Lynn to your December 18, 1986.fn. step one

New promissory mention offered a signature line for “Ronald J. Ramos, President” out-of Roentgen/J Co. because standard lover away from Peacock. Ramos closed the new file “R.J. Ramos, Pres.” The private guaranty incorporated the following operative language:

By November 1986, financial hardships on venture brought about Peacock to help you default to the House Federal loans

“For the attention of your financing on Relationship so you can Debtor, I, Ronald J. Ramos (Guarantor), seriously and unconditionally verify and you can pledge to invest in order to Association, or anyone who Association instructions me to pay, all indebtedness out of Borrower to Organization evidenced because of the, or even in in whatever way linked to the loan (along with not limited by most advances or financing) or the note, and create all the covenants and arrangements out of Debtor present in this new notice otherwise people shelter contract anywhere between Debtor and you will Relationship.” The fresh new signature range at the bottom of file sent to this new signature out of “Ronald J. Ramos.” Instead, Ramos signed it as he previously finalized the brand new promissory notice: “R.J. Ramos, Pres.”

When Peacock defaulted into the the newest notice and you will Family Federal put fit to demand brand new guarantee, Ramos defended on the ground you to definitely his trademark just like the “Pres.” conveyed a purpose to help you join only R/J Co. and never themselves yourself into the warranty. On romantic of all the facts, the demonstration court supplied Domestic Federal’s motion to possess a directed verdict, finishing it absolutely was limited by the fresh new court’s choice from inside the Sebastian In the world, Inc. v. Peck (1987) 195 Cal. App. three-dimensional 803 [240 Cal. Rptr. 911].

We focus on a term regarding procedural position of circumstances. The demo legal directed a decision facing Ramos, finishing there is certainly zero disagreement inside [229 Cal. Software. three dimensional 1613] the relevant foundational proof and you may thinking in itself bound by a young Court out of Interest choice. (Find basically Car Guarantee Sales, Inc. v. Premium Court (1962) 57 Cal. 2d 450, 455 [20 Cal. Rptr. 321, 369 P.2d 937].) [2a] Inside the absence of a controlling appellate choice, but not, the brand new courtroom are correct from inside the deciding that zero jury concern is actually showed. Given that Ultimate Legal explained inside Parsons v. Bristol Invention Co. (1965) 62 Cal. 2d 861 [forty two Cal. Rptr. 767, 402 P.2d 839], “The interpretation from a created software, whilst it involves what would properly become named inquiries out-of facts [citation], is largely a judicial form as worked out according to generally accepted canons out of translation so the reason for the newest device is generally considering perception. . Making it entirely an official function so you can understand an authored means unless of course the new interpretation transforms on the brand new dependability away from extrinsic research.” (Id. during the p. 865; look for in addition to Scientific Operations Administration, Inc. v. Federal Fitness Laboratories, Inc. (1986) 176 Cal. App. three dimensional 886, 891-892 [222 Cal. Rptr. 455].) [2b] Right here, because activities demonstrated absolutely nothing relevant and no contradictory extrinsic proof (look for Pacific Fuel & Elizabeth. Co. v installment private loans Delta. Grams.W. Thomas Drayage etcetera. Co. (1968) 69 Cal. 2d 33, 37 [69 Cal. Rptr. 561, 442 P.2d 641, 40 A beneficial.L.R.3d 1373]), this new trial courtroom safely refused to submit new interpretation of your own composed guaranty towards jury. (See Scientific Procedures Management, supra, 176 Cal.Software.3d in the p. 892, fn.4.) At the same time, however, i once the reviewing court think about the proof and you may translate the guarantee de novo. (Parsons, supra, 62 Cal.2d from the p. 866; Scientific Operations Government, supra, 176 Cal.Application.three-dimensional on p. 891.)