Legal Opinion
VAC Development Corp. v. Abelleira
District Court of Appeal of Florida
Decided April 27, 1976No. 75-1457PublishedCited by 4 opinions
1Opinion of the Court
PEARSON, Judge.
VAC Development Corporation brought suit against Cecilio Castillo seeking a judgment of rescission of a,, mortgage given by VAC to Castillo to cover advances. Castillo counterclaimed seeking a judgment of foreclosure. The trial judge, in an attempt to settle the equities between the parties, granted the following relief: (1) “can-celled’’ the mortgage which secured an indebtedness stated to be $200,000.00, and (2) found that the corporation owed Castillo in the amount of $112,411.80, for which he declared that Castillo had a lien” upon all the assets of VAC Corporation.1 The…
2Cases cited4 opinions
- Cortina v. CortinaSupreme Court of Florida · 1957
- Cravero v. Florida State Turnpike AuthoritySupreme Court of Florida · 1956
- Rine v. RineDistrict Court of Appeal of Florida · 1970
- The Guaranty Co. v. LuningSupreme Court of Florida · 1928
3Cited by4 opinions
- Federal Savings and Loan Insurance Corporation v. Two Rivers Associates, Inc.Court of Appeals for the Eleventh Circuit · 1989
- Federal Savings & Loan Insurance v. Two Rivers Associates, Inc.Court of Appeals for the Eleventh Circuit · 1989
- VAC Development Corp. v. CastilloDistrict Court of Appeal of Florida · 1977
- Chase Manhattan Mortgage Corp. v. SuarezDistrict Court of Appeal of Florida · 1999