Sanchis v. Rosell

In 1986, Juan Angel Regojo asked his father-in-law, the appellee Daniel Bacardi Rosell [Bacardi], to make a loan to his friend, the appellant, Jose A. Sanchis, to help Sanchis and his family start a business.

Bacardi loaned Sanchis $50,000 in several payments. In Sanchis’s deposition, he admits that dates for repayment were discussed. “We had dates but dates which could be modified. I remember that it was every six months.” He further stated that the dates were set to “calculate the interest.”

Two years passed and Sanchis failed to repay any part of the loan. The record includes three signed…