Legal Opinion
Federal Deposit Insurance v. Consolidated Mortgage & Finance Corp.
District Court, D. Puerto Rico
Decided March 12, 1990No. Civ. 79-2279 HLPublishedCited by 4 opinions
1Opinion of the Court
OPINION AND ORDER
LAFFITTE, District Judge.
This is an action for the collection of money owed on certain promissory notes executed by codefendant Consolidated Mortgage and Finance Corporation (“Consolidated”) and purchased by plaintiff Federal Deposit Insurance Corporation (“FDIC”) on March 31, 1978 upon the closing of the Banco Crédito y Ahorro Ponceño by the Puerto Rico Secretary of the Treasury. Codefendants José A. Suro and others executed continuing letters of guaranty as joint surety (“fiador solidario”) 1 to se cure payment of the notes. FDIC filed a complaint against Consolidated, Suro…
2Cases cited7 opinions
- Frito-Lay of Puerto Rico, Inc. v. CañasDistrict Court, D. Puerto Rico · 1981
- Pauneto Rivera v. Núñez BorgesSupreme Court of Puerto Rico · 1984
- Federal Deposit Insurance Corporation v. Consolidated Mortgage and Finance CorporationCourt of Appeals for the First Circuit · 1986
- WRC Properties, Inc. v. SantanaSupreme Court of Puerto Rico · 1985
- Banco de Ahorro del Oeste v. Santos CintrónSupreme Court of Puerto Rico · 1982
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3Cited by4 opinions
- Halvorsen v. Mendez (In Re Mendez)United States Bankruptcy Court, D. Puerto Rico · 2000
- Dyno Nobel, Inc. v. Amotech Corp.District Court, D. Puerto Rico · 1997
- USI Properties Corp. v. M.D. Construction Co.District Court, D. Puerto Rico · 1999
- Estates of Ungar Ex Rel. Strachman v. Palestinian AuthorityDistrict Court, D. Rhode Island · 2010