Caribe Lumber & Trading Corp. v. Marrero

78 P.R. 826
CourtSupreme Court of Puerto Rico
DecidedDecember 22, 1955
DocketNo. 11226
StatusPublished

This text of 78 P.R. 826 (Caribe Lumber & Trading Corp. v. Marrero) is published on Counsel Stack Legal Research, covering Supreme Court of Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Caribe Lumber & Trading Corp. v. Marrero, 78 P.R. 826 (prsupreme 1955).

Opinion

Mr. Justice Pérez Pimentel

delivered the opinion of the Court.

Appellee Caribe Lumber & trading Corporation is and was engaged, before June 8, 1950, in the purchase of construction materials. In order for this corporation to open a credit account to Angel Luis Marrero and Eduardo Rodriguez or to either one, appellant Domingo Rios bound himself as guarantor in solidum of these persons or of either one, up to the sum of $2,000, including interest at the stipulated rate. This security consists of a letter dated June 8, 1950, sent by guarantor Domingo Rios to Caribe Lumber & Trading Corporation.1 After receiving this security, the [829]*829corporation began to sell construction materials to Angel Luis Marrero and Eduardo Rodriguez, thereby establishing a current account between them.

On September 7, 1951, codebtor Angel Luis Marrero subscribed and delivered to Caribe Lumber & Trading Corporation four promissory notes for the following amounts and maturity dates:

(a) For $502.50 to mature on October 7, 1951, accruing interest at 8% per annum;
(b) For $505.50 to mature on November 7, 1951, at the same rate of interest;
(c) For $507.50 to mature on December 7, 1951, at the same rate of interest; and
(d) For $499.06 to mature on January 7, 1951, and at the same rate of interest.2 These obligations were executed for “value received” and in each one the debtor agreed that the maturity and default in payment of one of them would render all of them enforceable and overdue.

Thereafter Caribe Lumber & Trading Corporation filed this suit against Angel Luis Marrero and Domingo Rios for [830]*830collection on the notes described. Only guarantor Domingo Rios answered the complaint. After certain proceedings and a trial on the merits, the lower court rendered judgment ordering both defendants to pay plaintiff in solidum the amount of $2,000, plus the costs and $350 for attorney’s fees. Thereupon Rios appealed.

There is no controversy as to the fact that the obligations are overdue, unpaid and represent the balance of the current account opened by appellee to Angel Luis Marrero and Eduardo Rodriguez for the purchase of construction materials. However, appellant Rios has essentially maintained from the beginning of this suit that (1) he did not sign the notes described in the complaint, which fact is admitted by appellee; (2) that the original obligation derived from the current account, that which he secured up to the sum of $2,000, was extinguished by novation by means of notes signed by Angel Luis Marrero and accepted by the creditor in payment of the original obligation, and (3) that his security was cancelled once the principals paid appellee more than $2,000 for the purchase of construction materials. The position taken by appellant is clear in the following extract from his motion for reconsideration of judgment:

[831]*831“The court points out in its findings that in his answer to the complaint defendant Domingo Rios essentially alleged that he did not secure in solidum the obligations stated in the notes because he did not subscribe them. In view of the merits of the defenses, we must state that defendant Domingo Rios alleged, maintained and maintains not only that he did not subscribe the notes sought to be collected but that the obligation which defendant Domingo Rios secured was a debt incurred by Angel Luis Marrero and his partner Eduardo Rodriguez for the purchase of materials, and such original debt or its balance was replaced by the notes subscribed by Angel Luis Marrero alone without any third person’s security, it being admitted by plaintiff, expressly or impliedly, that defendant Domingo Rios had ceased to be a guarantor of Angel Luis Marrero.
“The court does not mention the statements of account which plaintiff sent monthly to defendant Angel Luis Marrero and to his partner Eduardo Rodríguez and which were submitted in evidence, proving irrefutably the existence of an original debt or current account for the purchase of materials, incurred by Angel Luis Marrero and his partner Eduardo Rodriguez. This account showed that in the period of one year the debtors took in construction materials and paid plaintiff about $10,000, and that when such debt or account was balanced and settled on September 7, 1951, plaintiff replaced it by novation, accepting defendant Angel Luis Marrero as its only debtor by virtue of the notes claimed.”

Likewise, in the brief introduced in support of this appeal appellant states the following: “Angel Luis Marrero and Eduardo Rodriguez, working as partners, and secured up to the sum of $2,000 by Domingo Rios, held a current account, for the purchase of construction materials, with Caribe Lumber & Trading Corporation from June 1950 to September 7, 1951. The security granted by Domingo Rios, appellant in this case, is stated in a letter dated June 8, 1950 . . . For one year and two months, the volume of business or purchases made by Angel Luis Marrero and Eduardo Rodriguez amounted to nearly $10,000; and on December 7, 1951, plaintiff Caribe Lumber & Trading Corporation liquidated the account and accepted as payment, change and [832]*832novation for the balance of $2014.56 four notes subscribed by the debtor Angel Luis Marrero alone . . .” In another part of the same brief, appellant states thus: “It was also clearly established that an account or original obligation existed between Angel Luis Marrero and Eduardo Rodriguez, acting in partnership as debtors for the purchase of construction materials with plaintiff as creditor, and that the total amount of the notes is the balance resulting from the liquidation of the original account until September 7, 1951; that is, the date on which Angel Luis Marrero subscribed the notes sought to be collected now.”

This is appellant’s theory. We shall now consider the, fundamental questions he urges in this appeal.

In the first place we must determine the character of the security furnished by Rios. This takes us to the phraseology of the document itself. The document says: “In order that you may open a credit account to Angel Luis Marrero and Eduardo Rodriguez or to either one, I hereby bind myself as guarantor in solidum of these persons or of either one in your favor up to the sum of two thousand ($2,000) dollars including interest at the stipulated rate.” (Italics ours.) By binding himself as guarantor in solidum, Rios became a true principal codebtor, with the same status as the principal debtors. His solidary liability towards the creditor is the same as that of the principals. Drug Company of P. R., Inc. v. Susoni, 43 P.R.R. 740, 749; National City Bank v. De la Torre, 48 P.R.R. 130; Colón v. P. R. & Am. Insurance Co., 63 P.R.R. 332, 340. This does not mean, however, that as regards the relation between the surety and the principals, the surety contract loses its own character if from the terms of the contract or from the expression of the will of the surety it appears that it was not the latter’s intention to become a principal debtor but merely to constitute himself as surety, although binding himself in solidum. Drug Company of P. R., Inc. v. Susoni, supra; National City Bank v. De la Torre, supra; Colón v. P. R. &

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78 P.R. 826, Counsel Stack Legal Research, https://law.counselstack.com/opinion/caribe-lumber-trading-corp-v-marrero-prsupreme-1955.