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  • Martinez V Ramos

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    attyalan
    65 vizualizări1 pagină
    Martinez v. Ramos (1914) involved a dispute over whether a loan was personal or against an estate. Ramos signed a promissory note for a loan that stated he received the money and would repay it within 3 years. He argued the loan was for his father's business and should be charged to his father's estate. The court ruled the loan was Ramos' personal loan based on the clear language of the note stating he received and must repay the money.

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    Martinez v Ramos

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    Martinez v. Ramos (1914) involved a dispute over whether a loan was personal or against an estate. Ramos signed a promissory note for a loan that stated he received the money and would repay it within 3 years. He argued the loan was for his father's business and should be charged to his father's estate. The court ruled the loan was Ramos' personal loan based on the clear language of the note stating he received and must repay the money.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    65 vizualizări1 pagină

    Martinez V Ramos

    Încărcat de

    attyalan
    Martinez v. Ramos (1914) involved a dispute over whether a loan was personal or against an estate. Ramos signed a promissory note for a loan that stated he received the money and would repay it within 3 years. He argued the loan was for his father's business and should be charged to his father's estate. The court ruled the loan was Ramos' personal loan based on the clear language of the note stating he received and must repay the money.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    A-11

    Martinez v. Ramos (1914)

    1953

    Simple loan or Mutuum Person who receives, acquires ownership

    Ramos signed a promissory note indicating that he signs under the authority of his father but the words says that I received the amount I will return within 3 years Ramos contends that loan is chargeable against his fathers estate: money used as seed money of a business, business turned over to other heirs Committee of appraisal: Sons personal loan

    WON loan is Antonino Ramos PERSONAL loan

    YES Based on the note, Antonino received the loan, he acquired ownership, and should pay

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