DIRT DEVELOPMENT for February 5, 2009
Daniel B. Bogart
Donley and Marjorie Bollinger Chair in Real Estate Law
Chapman University
School of Law,
Orange, California
This is a revised version of the
Development distributed on February 8. The author (Danny Bogart) noticed
errors in the paragraph describing the procedural disposition of the case, and
apologizes for any confusion.
VENDOR/PURCHASER; SPECIFIC PERFORMANCE;
REQUIREMENT THAT PURCHASER DEMONSTRATE IT IS "READY, WILLING AND ABLE:"
Purchaser is not entitled to specific performance remedy, even where the
contract expressly permitted purchaser to "seek to enforce" transaction, where
purchaser failed to prove that he was ready, willing and able to
close.
DiGiuseppe v. Lawler, 269 S.W. 3d 588 (Texas, 2008)
Lawler
owned a large tract of valuable land in Frisco, Texas, and seemed eager to sell
it. In October of 1998, Lawler entered into a contract to sell 756 acres at
$40,000 an acre to DiGiuseppe. DiGiuseppe intended to develop the parcel.
Closing was contingent on successful rezoning of the property to meet
DiGiuseppe's development needs, and earnest money was to be deposited in three
stages: 1) $100,000 at the signing of the contract, 2) $100,000 when the zoning
plan was submitted to the city, and finally 3) $400,000 when the zoning
commission approved the developer's plan. The contract limited the parties'
remedies upon default. Lawler sole remedy upon purchaser's default was to keep
the earnest money as liquidated damages. DiGiuseppe was permitted either to
terminate the contract and receive a return of its earnest money or to "seek to
enforce" the contract.
The zoning commission ultimately approved new
zoning for the property, but to the consternation of all, it did not approve the
plan as submitted by the developer.
The case opinion suggests that the
approved plan "satisfied" DiGiuseppe, but because the plan was not approved as
submitted, DiGiuseppe took the position that the requirement for deposit of the
final $400,000 in earnest money was not met. Lawler took the opposite position,
and viewed the failure of DiGiuseppe to complete the deposit as a breach of the
contract. DiGiuseppe responded that it would move forward towards closing. (In
fact, the seller went so far as to enter into a new contract for sale of the
property with a third party, but this deal apparently fell through. According to
the court, that transaction is also the subject of litigation, although the
opinion says little else on the subject.)
Lawler filed suit claiming
DiGiuseppe breached the purchase contract, and requesting that the court declare
the contract terminated, damages and quiet title. (DiGiuseppe had recorded the
purchase contract, necessitating Lawler's request for quiet title.) DiGiuseppe
counterclaimed that Lawler was the breaching party. DiGiuseppe alleged that
Lawler breached the duty of good faith and that Lawler's actions constituted
statutory fraud. DiGiuseppe demanded damages, specific performance, and
depending on the findings of the court, quantum meruit.
The parties'
claims were submitted as specific questions to the jury, which sided with the
purchaser, DiGiuseppe. The jury determined that Lawler breached the contract and
that DiGiuseppe complied with the contract. The jury awarded DiGiuseppe
$295,696.93 in damages, and the court ordered specific performance.
On
appeal, the Court of Appeals held that the purchaser failed to meet the
requirements of specific performance, and specifically, that DiGiuseppe's
failure to obtain the necessary jury instruction was not cured by a provision in
the contract permitting DiGiuseppe to specifically enforce the
contract.
The Texas Supreme Court affirmed the District Court's holding
on specific performance. (The court reversed the Court of Appeals on a separate
issue of whether the purchaser waived a request for a refund of earnest money
for appellate review.)
The purchaser suggested at trial that certain
unnamed builders were willing to fund its purchase, but purchaser had no written
commitment. It is pretty clear from the facts that the purchaser did not really
have the money on hand to close the deal. The primary issues in the case
therefore concern the requirement that the purchaser be ready, willing and able
to close the contract to obtain specific performance. The other primary issue
involved the purchaser's demand for return of earnest money deposit. However,
the author will focus on specific enforcement of the contract.
The
seller's primary task is to deliver title, and the purchaser's is to deliver the
purchase price. A seller should not be asked to specifically perform a contract
if the purchaser cannot show that, at closing, it attempted to tender the money.
The majority in DiGiuseppe correctly notes, however, that this is sometimes a
"futile" act of the purchaser. On occasion, the seller will repudiate the
contract in advance of closing. In that instance, it is not necessary for the
purchaser to actually tender the purchaser price to the seller.
But as
the court explains that this does not relieve the purchaser from showing that he
would have been in a position to come up with the money, if the seller had in
fact closed. As the majority explains, when the seller walks away prior to
closing, "a plaintiff seeking specific performance is excused from tendering
performance pre suit and may simply plead that performance would have been
tendered but for the defendant's breach or repudiation."
Unfortunately
for the purchaser, his testimony at trial indicated that he did not personally
have the money to close the contract, did not have investors or buyers for the
property who could close, had no written agreement or commitment with builders
or investors to take the property. In fact, DiGiuseppe indicated in his
testimony that he actually avoided contracts, stating "That's not the way I do
business." Instead, the purchaser relied on oral promises. In another exchange
with opposing counsel at trial, Mr. DiGiuseppe was asked "When you sent the
letter that said you were ready, willing and able to close the contract, you,
individually, couldn't close that contract could you?" Mr. DiGiuseppe answered
that he "individually, never intended to close the contract" and did not have
the personal funds to do so.
As a result, the court concluded that the
ability of DiGiuseppe to close was a contested fact, and should have been
submitted specifically to the jury.
In response, DiGiuseppe argued that
the language in the contract permitting him to seek to enforce the contract if
the Lawler breached trumped the failure to obtain a specific finding from the
jury. In other words, DiGiuseppe argued that both parties agreed in advance that
the purchaser would be entitled to specific performance.
The majority and
dissent each cite Burford v. Pounders, 145 Tex. 460, 199 S.W. 2d 141 (1947), but
each sees the case differently. In Burford, Burford leased land from Beaird with
an option to purchase for $1000 less rent paid. Beaird, the landlord ignored the
option and sold the land prior to expiration of the lease. At the time of the
sale to the third person, Burford did not have the money necessary to buy the
property. Buford did not know about the sale to the third person. However, the
third person to whom Beaird sold the property knew about Burford and his
lease.
Two months before expiration of the lease, and operating on the
assumption that he could buy the optioned property, Burford tendered the correct
amount of money to Beaird. Beaird then told Burford that the property was sold.
The court held for Burford and specifically enforced the contract. (The fact
that the property had been sold was not an issue; the court held in Buford that
the third party had notice of the lease and the tenant's possession and
therefore was not an innocent purchaser.)
According to the majority in
the instant case, Burford "makes two things clear: (1) pleading an offer to
perform is in lieu of tender; and (2) adducing proof that a plaintiff was ready,
willing and able to perform, as required by the pertinent authorities
constitutes an entirely separate requirement from tender." The dissent sees
things quite differently. Citing Burford, the dissent states "But it has
likewise been a long-standing Texas rule that a non-breaching plaintiff seeking
specific performance need only make such a showing by offering to perform in his
pleadings." According to the dissent, in DiGiuseppe the majority departs from a
100 year Texas rule that has not "required a non breaching buyer to make the
"useless and idle" showing of proof of ability to complete a transaction when
the seller's repudiation of the contract excused the buyer from tendering the
purchase price."
The dissent argued that the non breaching purchaser,
DiGiuseppe, met its responsibility by offering to perform in his trial pleadings
rather that affirmatively proving its financial capability at the time set for
closing. The dissent's primary argument is that whether the "buyer is ready,
willing and able to perform at the closing time is irrelevant. Although the
Court does not say what the trial court is supposed to do with such a finding,
presumably it would order a date for the transaction to close within a
reasonable time. But what if the buyer was able to close on the original
contract date and is unable to close on the court appointed date? The whole
exercise is rendered meaningless. The only thing that makes sense is to do
precisely what the trial court did in this case, which is to set a closing date
within a reasonable period of time after a finding that the seller
breached."
Comment 1: This is a case of two parties behaving badly. The
seller wants a $600,000 windfall. True, the purchaser did not prove at trial
that it was ready, willing and able. But what would have happened if the
transaction went to closing, and the purchaser was not able to tender the
remaining purchases price? Seller would still have a breach of contract claim,
and it would then retain the liquidated damages. The seller declared the breach
precisely because it could take the deposit, then resell. The last thing seller
wanted was for the purchaser to ruin the windfall by actually buying the
property. Similarly, the purchaser is unsympathetic. Purchaser signed a contract
with only a glimmer of finding the resources to close the deal. Yet here it
stands at the door of equity demanding entrance.
Comment 2: The contract
provides that, as a remedy, purchaser may "seek to enforce" the contract. The
majority is correct that this is not the language one associates with an
automatic right. A purchaser can always seek to enforce a contract, unless the
contract specifies otherwise. The term "seeks to enforce" suggests that the
purchaser must demonstrate that it fully meets the elements of the remedy. One
seeks enlightenment; one does not have enlightenment handed to him. It is the
same with this equitable remedy. A purchaser seeks to enforce, but the court
chooses not hand it to the purchaser without proving the
elements.
Comment 3: It seems to the author that the majority opinion is
not so much a departure from Texas law as it is a careful parsing of precedent.
And it seems to accord with conventional wisdom. James C. Smith, Friedman on
Contracts and Conveyances in Real Property (7th ed.), Section 7:2.2, which
states "Tender by purchaser is excused after seller has repudiated the contract
but the purchaser, suing for specific performance, must nevertheless prove he
was ready, willing, and able to perform under the contract. A New York court,
however, has applied the rule that if time is not of the essence, the purchaser
must make time of the essence by notifying the seller of a new closing date
prior to commencing an action for specific performance."
Items reported
here and in the ABA publications
are for general information purposes only
and
should not be relied upon in the course of
representation or in the
forming of decisions in
legal matters. The same is true of
all
commentary provided by contributors to the DIRT
list. Accuracy
of data and opinions expressed
are the sole responsibility of the DIRT
editor
and are in no sense the publication of the ABA.
Parties posting
messages to DIRT are posting to a
source that is readily accessible by
members of
the general public, and should take that fact
into account in
evaluating confidentiality
issues.
ABOUT DIRT:
DIRT is an
internet discussion group for serious
real estate professionals. Message
volume varies,
but commonly runs 5 to 15 messages per work day.
Daily
Developments are posted every work day. To
subscribe, send the
message
subscribe Dirt [your
name]
to
listserv@listserv.umkc.edu
To cancel your
subscription, send the message
signoff DIRT to the
address:
listserv@listserv.umkc.edu
for information on other
commands, send the message
Help to the listserv address.
DIRT has an
alternate, more extensive coverage that includes not only
commercial and
general real estate matters but also focuses specifically upon
residential
real estate matters. Because real estate brokers generally find
this
service more valuable, it is named BrokerDIRT. But
residential
specialist attorneys, title insurers, lenders and others
interested in the
residential market will want to subscribe to this
alternative list. If you
subscribe to BrokerDIRT, it is not necessary
also to subscribe to DIRT, as
BrokerDIRT carries all DIRT traffic in addition
to the residential discussions.
To subscribe to BrokerDIRT, send the
message
subscribe BrokerDIRT [your
name]
to
listserv@listserv.umkc.edu
To cancel your
subscription to BrokerDIRT, send the message
signoff BrokerDIRT to the
address:
listserv@listserv.umkc.edu
DIRT is a service of the
American Bar Association
Section on Real Property, Probate & Trust Law
and
the University of Missouri, Kansas City, School
of Law. Daily
Developments are copyrighted by
Patrick A. Randolph, Jr., Professor of Law,
UMKC
School of Law, but Professor Randolph grants
permission for copying
or distribution of Daily
Developments for educational purposes,
including
professional continuing education, provided that
no charge is
imposed for such distribution and
that appropriate credit is given to
Professor
Randolph, any substitute reporters, DIRT, and its
sponsors.
DIRT has a WebPage at:
https://e2k.exchange.umkc.edu/exchweb/bin/redir.asp?URL=http://cctr.umkc.edu/dept/dirt/