Molina v. Munoz

ANDERSON, Circuit Judge.

This appeal raises an important question under the Porto Rican Agricultural Loan Act of 1910, as amended. On August 7, 1924, Lebrón, the intervener appellee, leased for ten years to defendant Munoz a sugar plantation. Punctual payment of the rent reserved was for the first five years guaranteed by appellant’s assignors, the Goffinets and the Central, Santa Juana. On the same date, a duly recorded contract was made between the lessee Munoz and appellant’s assignors for advances to be used for producing cane secured under the Agricultural Loan Act of 1910. In November,…