Defendant Ronald J. Ramos is attractive a view following the trial courtroom directed a decision and only plaintiff House Government Savings & Loan Relationship (Family Government) away from Ramos’s liability into a personal loan guaranty. We affirm.

Thomas Lynn, a primary loan administrator to have Family Government, negotiated the arrangement with Brooks and you will prepared about three documents-the mortgage amendment arrangement, new promissory note additionally the [229 Cal

Accused Ramos is actually president of Ramos/Jensen Company (R/J Co.), a ca company. R/J Co. are the general partner out of a limited connection, this new Peacock Ridge Business (Peacock), shaped to-do the Peacock Ridge structure investment. Between September 1983 and you can February 1985, plaintiff Family Federal loaned almost $eight.4 million into the Peacock commitment. Each of the five os.

At that point, Peacock due nice amounts during the accrued focus and had other loans about the your panels. House Federal approved a great “workout contract” in which it forgave all but $one hundred,100000 of your own attract and you can provided to financing Peacock an additional $50,one hundred thousand. In return, Peacock promised to execute a great promissory note to own $150,000 shielded by the your own guaranty finalized by Ramos.

The new workout agreement are negotiated on the behalf of Peacock by Arthur Brooks, a keen R/J Co. staff member. Application. three-dimensional 1612] personal guaranty-he brought to Brooks for the intended purpose of obtaining Ramos’s trademark. อ่านเพิ่มเติม →