Madera v. Herminio Madera, Inc.

Manuel Madera, as assignee of José Madera, brought this action to recover the amount due on a promissory note (ex^ ecuted by Herminio Madera, Inc., Tetuán Tobacco Leaf, Inc., and Herminio Madera) and to foreclose a mortgage executed by the Tetuán Tobacco Leaf, Inc., as security for the payment of the note. The note and the mortgage were dated March 16, 1931. They arose out of certain provisions contained in a previous contract of March 3, 1931. The principal, interest, and maturity date specified in the note corresponded to the principal, interest, and maturity date of a like obligation…