Unpingco v. Hong Kong MacAu Corp.

935 F.2d 1043 Segundo A. UNPINGCO; Pacific Equity and Capital Enterprises, Inc., Plaintiffs-Appellants, v. HONG KONG MACAU CORP.; Northern Development Corp.; Baba Corp.; Jesus U. Torres; Paul Bordallo, Defendants-Appellees. No. 90-15725. United States Court of Appeals, Ninth Circuit. Submitted May 8, 1991. * Decided June 7, 1991. S. "Cy" Unpingco, Pacific Lawyers Group, San Jose, Cal., for plaintiffs-appellants. Joaquin C. Arriola, Arriola, Cowan & Bordallo, Agana, Guam, for defendants-appellees. Appeal from the United States District Court for the Territory of Guam, Appellate Division. Before SCHROEDER, FLETCHER and FERGUSON, Circuit Judges. FLETCHER, Circuit Judge: 1 Plaintiffs appeal the decision of the Appellate Division of the United States District Court for the Territory of Guam affirming the Guam Superior Court's grant of summary judgment in favor of the defendants. We affirm. FACTS 2 On October 15, 1962, Jose and Vicenta Unpingco, as lessors, executed a lease to defendant/appellee Paul Bordallo, as lessee, for seven and one-half acres of real property in Guam. Their agreement provided for a lease of 99 years at a rent of $200 per month. The Unpingcos' nephew,…