Muñoz v. Vicenty

14 P.R. 156
Supreme Court of Puerto Rico·Decided March 12, 1908·No. No. 236·Published

Opinion

Mb. Justice Figtjebas

delivered the opinion of the court.

■ For a clear understanding of this case we deem it advisable: to present a literal copy of the facts and the agreement out, of which this litigation has grown as follows:

“By this instrument the undersigned, Juan Vieenty y Ramos, Pedro Muñoz y Lamberty and Engracia Sanabria y Osuna set forth:

“First. By deed executed before Notary Mariano Riera, on January 21, 1901, Manuela Bernard y Lacourt mortgaged, in favor of Pedro Muñoz y Lamberty, the coffee plantation known as “Mayagüecillo,” situated in the barrio of Bncara-bones, of Las Marias, composed of 400 cuerdas, and having the boundaries stated in the said deed; and also an urban property, constructed of masonry, situated on Mandez YigO’ Street, of this city. This mortgage was constituted to secure a debt of $18,000 which Mrs. Bernard y Lacourt bound herself to pay to Muñoz y Lamberty in the following instal-ments: Five thousand (5,000) dollars on the 30th of August, of each of the years 1901 and following until 1903, and the remaining three thousand (3,000) dollars on the same day and month of the year 1904, the whole amount to draw interest, from the 21st of January, 1901, at the rate of 12 per cent per annum. The liability under this mortgage being distributed between the two properties, the rural property to secure fifteen thousand (15,000)' dollars, and the urban property three thousand (3,000) dollars.

“Second. By another deed executed before Notary Luis. Campillo, on March 9,1901, Mrs. Bernard y Lacourt conveyed to Muñoz y Lamberty the ownership of the said urban property in payments of three thousand ($3,000) dollars, which was the amount of the instalment to fall due on the 30th of' August, 1904, according to the said mortgage deed.

[158]*158“Third. By another deed executed before the said Notary Campillo, on March 11 of the said year, Pedro Muñoz sold the said urban property to Hernán Lienau for the price of thirteen hundred (1,300) dollars under the following redemption clause:

“ 'It is a condition of this contract that the vendor, Muñoz, reserves the right to redeem the property conveyed within the period of one year from to-day, which will terminate on March 11, 1902, by returning to the purchaser said thirteen huhdred (1,300) dollars, the amount of the price now paid; but, if the said period expires without the right of redemption herein reserved being exercised, this sale will become absolute and irrevocably consummated.’

' ‘ Thereafter, the said right of redemption was extended in regard to the unpaid amount of one thousand (1,000) dollars until the 11th of March, 1903; this term was thereafter extended to the 11th of March,- 1904.

“Fourth. By another deed executed before Notary de Diego on November 20, 1903, the spouses, Pedro Muñoz and Engracia Sanabria, assigned to Juan Yicenty the mortgage credit for fifteen thousand (15,000) dollars which they held upon the “Mayagüecillo” plantation. The assignment was made for the price of eight thousand (8,000) dollars, which the assignees declared in the deed of assignment that they had previously received, they having done this with the full knowledge that no preferreed credit encumbered the “Maya-güecillo” plantation except a first mortgage in favor of Ja-cinto Pérez Barros, for the sum of eighteen hundred (1,800) dollars, upon which foreclosure proceedings have been brought by the creditor upon the execution of the assignment of the other mortgage by the Muñozes in favor of Vicenty Ramos.

“Fifth. It is.to be noted that the eight thousand (8,000) dollars, which was the price of the assignment, were received by the Muñozes, not in cash, but in the following manner: Five hundred (500) dollars in cash, and the remaining sev[159]*159enty-five hundred (7,500) dollars in 13 promissory notes, indorsed by Yicenty to the orded of Mr. Muñoz, being for five hundred (500) dollars each, and falling due on the 30th of each December, from the year 1904 to the year 1906, inclusive; and in addition, another promissory note for one thousand (1,000) dollars, which falls due to-day.

"Sixth. After the said assignment had been made in favor of Vicenty, the deed of assignment was presented in the registry of property, which was executed on September 2, 1896, by Pascasio Fajardo in his capacity as attorney in fact of Ana Maria Lacourt in favor of Federico Delgado y Font, this assignment including a mortgage recorded in the registry of property in favor of the assignor, for the amount of 10,750 pesos. There were likewise presented in the registry the following instruments concerning the same mortgage credit: A deed of assignment executed by Federico Delgado y Font to Elviro Lacourt and Fernándo Yázquez, and another deed of assignment by Fernándo Vázquez as the attorney in .fact of Elviro Lacourt, and his wife, in,favor of Manuel Catalá, as likewise another deed of assignment from Fernándo Yázquez and his wife in favor of Fernándo Vazquez y Morales. These deeds were recorded after noting the curable defects, there appearing in the registry the encumbrance referred to as preferential to the mortgage which the Muñozes assigned to Yicenty y Eamos.

“Seventh. But all of these records derived from the assignment made by Pascasio Fajardo as the attorney in fact of Ana Maria Lacourt are null and void, among other reasons hecause the power of attorney to Fajardo had been executed hy his principal without the concurrence of her husband, Claudio Barros, which defect renders them null and void, according to the provisions of sections 61 and 62 of the Civil Code, in force on the date the contract was executed. Futhermore, the mortgage credit constituted in favor of Ana María La-[160]*160court had long been extinguished, according to proof acknowledged by the subscribing parties.

“Eighth. Notwithstanding the facts set forth in the seventh paragraph, and in spite of the fact that the assignments made after that executed by Federico Delgado are fictitious, summary executory proceedings have been brought in this court by the supposed creditors, Fernando Vazquez Morales and Manuel Catalá y Dueño, the sole object of which litigation is to destroy the efficacy of the credit in favor of Vicenty y Ramos, who has likewise commenced proceedings of a similar character directed against the incumbered property.

“Ninth. These facts having occurred, Vicenty y Ramos thereupon prepared to bring, and has commenced, proper legal proceedings to counteract the suit of the fictitious mortgage creditors of the “ Mayagüecillo ” plantation, Messrs. Vázquez and Catalá; but in the meantime, Vicenty refused to acknowledge the efficacy of the promissory note executed in favor of Pedro Muñoz, as appears from the fourth allegation of this complaint, seeking to have Mr. and Mrs. Muñoz rescind the assignment, return the amount paid in cash, and to obtain indemnity for damages and losses, inasmuch as the contract had been executed under the impression that no preferential encumbrance existed against the “Mayagüecillo” plantation other than that in favor of Jacinto Pérez Barros, it thereafter appearing that other encumbrances existed and were recorded and not mentioned in the deed of assignment.

“Tenth. At the same time the period for the redemption of the house sold under an agreement of redemption by Muñoz y Lamberty to Herman Lienau was about to expire, and would expire to-morrow, March 11, without the said Lam-berty having paid the necessary amount to redeem the same.

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Muñoz v. Vicenty, 14 P.R. 156 (prsupreme 1908).

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