Freeman v. Superior Court of Puerto Rico

92 P.R. 1
CourtSupreme Court of Puerto Rico
DecidedMarch 12, 1965
DocketNo. C-64-31
StatusPublished

This text of 92 P.R. 1 (Freeman v. Superior Court of Puerto Rico) 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
Freeman v. Superior Court of Puerto Rico, 92 P.R. 1 (prsupreme 1965).

Opinions

Mr. Justice Hernández Matos

delivered the opinion of the Court.

The petition for certiorari in this case was filed in the morning of April 27, 1964. On that same date we issued a writ to review an order entered on the 21st of the same month, by the Superior Court, San Juan Part, designating a receiver, pn plaintiff’s motion, as well as the correctness and validity of the acts performed by said receiver under the aforesaid order.

The facts and circumstances of the case, as revealed by the record and considered pertinent by us in the disposition of this case, are the following:

On October 31, 1963, Mario Marcantoni and his wife Gladys Massanet, and Cariblantic Realty Corp., represented by its agent, Mr. Herbert Werner, subscribed a document drawn up in the English language in which the former agreed to sell a certain property to the latter for $793,650. To all purposes, Mr. and Mrs. Marcantoni were referred to throughout the document as “the sellers,” and the corporation, as the “purchaser.” The agreed purchase price would be paid as follows: (a) $135,000.00 in cash at the time of the execution of the deed of sale; (b) the amount of $96,-000.00-would be retained by the purehaséd to pay off two mortgages constituted upon the property and the mortgages would be assumed by the purchaser; (c) the remaining $562,650.00 would be paid in five consecutive annual instal-[4]*4ments of $112,530.00. each, the first one, two years and a day from the date of the execution of the deed of sale. The balance of the purchase price, bearing no interest, would be secured by a mortgage constituted by the purchaser in favor of the sellers.

The deed recites that, simultaneously with its execution, “the purchaser” had deposited in escrow with Mr. José Antonio Luifia the amount of $10,000.00- evidenced by check number 2797 dated September 21, 1963, drawn by William Freeman against the First National Bank of Farmingdálé, N.Y. Said sum of $10,000.00 would be applied to the amount of $135,000.00 payable by “the purchaser” to the sellers at the time of the execution of the deed of sale and would be thus delivered by Mr. José Antonio Luifia simultaneously with the execution. In the event that “the purchaser” did not acquire the property, said amount would be returned to the purchaser, but if the latter failed to acquire the property after being bound thereto under the terms of the agreement, the said amount would be delivered to the sellers who would receive it by way of any and only liquidated damages and/ or penalties to which they would be entitled by reason of the purchaser’s failure to comply with the contract.

After agreeing on the facts and circumstances under which “the purchaser” would not be bound to purchase, as well as on other details, it was decided that the date for the execution of the deed of sale, transfer, and conveyance and of the mortgage to secure the deferred price, referred to in the agreement as “the date of closing,” would be ninety days from the date of the agreement. The deed would be executed before a Notary Public at the place and date designated by “the purchaser,” who would give the sellers ten days’ advance notice. Notarial fees and payment for stamps and registration in the Registry of the Property in connection with both the sale and the mortgage would be borne equally by the sellers and the purchaser.

[5]*5After other covenants and agreements, it was decided that upon the sole consideration of the payment of $135,-000.00 by “the purchaser” to the sellers at the date of closing and upon the execution of the deed of sale, the sellers would liberate, exclude, and release from the purchase money mortgage, or at any time thereafter on the purchaser’s request, a 35-cuerda parcel of land whose location would be determined solely and exclusively by the purchaser. It was agreed that the purchaser would have the right to transfer or assign all or any part of its rights under the agreement to any person whatsoever, without incurring liability thereby or with relation thereto. Any deeds executed on the date of closing had to contain any and all provisions set forth in the agreement. The parties agreed that the document constituted a firm and binding agreement to buy and sell the ■property in question, subject only to the conditions therein contained. It was repeated that in the event that the purchaser failed to acquire, after being bound thereto under the terms of the agreement, the amount of $10,000.00 would become the property of the sellers as only liquidated damages and/or penalties. At the time of the execution of the deed of sale the sellers would fully pay unto the persons entitled thereto, the brokerage fee or commission to be paid by reason of their services amounting to 5% based upon the total purchase price. In the event that the purchaser did not acquire the property, the agreement would be deemed absolutely terminated, rescinded, and held for naught, without further liability between the parties, subject only to delivery unto the purchasers of the aforesaid amount of $10,000.00. This agreement, binding the heirs, successors, and assigns of the parties thereto, is signed by Mario Mar-cantoni and his wife Gladys Massanet Marcantoni, as sellers, and by Cariblantic Realty Corp., represented by Herbert Werner, as purchaser.

[6]*6Mr. and Mrs. Marcantoni received a cable dated March 7, 1964, signed by William Freeman and Cariblantic Realty Corp., represented by William Freeman, advising them that William Freeman was the sole stockholder and principal officer of Cariblantic Realty Corp.; that the corporation was ready to take title to the property as per contract of October 31, 1963; that this was the ten-day notice called for in the contract, fixing March 18, 1964, as the date of closing, in the office of his attorney, José Luiña. Freeman informed that he would personally attend and that no one other than himself was authorized to act on behalf of Cariblantic; that Werner’s authority was limited to making the contract and that Werner had no additional authority to act on behalf of Cariblantic and Freeman himself.

On March 13, 1964, Herbert S. Werner, Robert Berk, and Cariblantic Realty Corp., as plaintiffs, and claiming to be the sole stockholders of the corporation, filed a complaint against William Freeman, Mario Marcantoni and his wife Gladys Massanet, in the San Juan Part of the Superior Court. After referring to the document of October 31, 1963, and to many of its covenants, they alleged that the date of closing was April 28, 1964; that under the provisions of said contract, Cariblantic was bound to notify Mr. and Mrs. Marcantoni of the “date of closing” ten days in advance; that on March 7, 1964, codefendant William Freeman had advised husband and wife in a cable sent from New York City that he was the sole stockholder and principal officer of Cariblantic Realty Corp. and had given a ten-day notice for the date of closing, March 18, 1964, in Attorney José Antonio Luiña’s office; that Freeman advised that he would attend as the only person authorized to act on behalf of the corporation; that William Freeman is neither a stockholder nor an officer of Cariblantic nor is he authorized by said corporation to act on its behalf in this or any other transaction; that on March 11, 1964, the Board of Directors [7]*7of Cariblantic had authorized Werner to give Mr. and Mrs. Marcantoni the required notice as to the time and place for the closing of the transaction, setting March 23, 1964, at 10 a.m. therefor in the law offices of McConnell, Valdes & Kelley; and that Werner sent codefendants Mr. and Mrs.

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