Management, Inc. v. Mastersons, Inc.

No. 80-62 I N THE SUPREME COURT OF THE STATE OF MONTANA 1980 MANAGEMENT, I N C . , P l a i n t i f f and A p p e l l a n t , -vs- MASTERSONS, I N C . , a n d G I B MASTERSONS, J R . , RUTHERFORDS PJWSEMENT, I N C . , and FRED RUTHERFORD, R & R LEASING, e t a l . , Defendants and Respondents. Appeal from: D i s t r i c t C o u r t of t h e E i g h t e e n t h J u d i c i a l D i s t r i c t . , I n a n d f o r t h e County of G a l l a t i n , The H o n o r a b l e W. W. L e s s l e y , J u d g e p r e s i d i n g . C o u n s e l o f Record: For Appellant: Landoe, Brown, P l a n a l p , K o m m e r s & L i n e b e r g e r , Bozeman, Montana For Respondents: DrysdaLe, McLean, S c r e n a r & Cok, Bozeman, Montana Submitted on B r i e f s : August 1, 1980 Decided: &C{J"-~-'-"L < /7J0 Filed: 55~ 8 - M r . J u s t i c e John Conway H a r r i s o n d e l i v e r e d t h e Opinion o f t h e Court . T h i s i s a n a p p e a l from t h e judgment of t h e D i s t r i c t C o u r t of t h e E i g h t e e n t h J u d i c i a l D i s t r i c t , G a l l a t i n County, which found p l a i n t i f f b r e a c h e d a c o n t r a c t , committed f r a u d and damaged p r o p e r t y . W e s h a l l c o n s i d e r t h r e e i s s u e s on t h i s a p p e a l : 1. Whether t h e D i s t r i c t C o u r t e r r e d i n f i n d i n g t h a t t h e September 21, 1978, b u y - s e l l a g r e e m e n t was a n o v a t i o n o f t h e May 1 2 , 1978, agreement. 2. Whether t h e D i s t r i c t C o u r t e r r e d i n f i n d i n g t h a t t h e September 2 1 , 1978, b u y - s e l l a g r e e m e n t f a i l e d b e c a u s e of t h e n o n f u l f i l l m e n t of a c o n d i t i o n precedent of obtaining f i n a n c i n g f o r t h e p u r c h a s e of r e a l p r o p e r t y . 3. Whether t h e D i s t r i c t C o u r t e r r e d by n o t i n t e r p r e t i n g the subject t o financing clause t o include reasonable t e r m s . P l a i n t i f f , Management, I n c . , b r o u g h t s u i t f o r damages a g a i n s t defendant Mastersons, Inc., and o t h e r s f o r b r e a c h of c o n t r a c t , i n t e r f e r e n c e w i t h c o n t r a c t r i g h t s and f r a u d . D e f e n d a n t s r e s p o n d e d w i t h a d e n i a l of a l l a l l e g a t i o n s and c o u n t e r c l a i m e d f o r damages t o p r o p e r t y , improper r e p a i r and fraud. T r i a l was c o n d u c t e d w i t h o u t a j u r y . A judgment was r e n d e r e d i n f a v o r of d e f e n d a n t s on b o t h t h e c o m p l a i n t and t h e counterclaim. P l a i n t i f f a p p e a l s from t h e judgment. T h r e e l a n d s a l e s c o n t r a c t s f o r a l o t i n West Yellow- s t o n e , Montana, a r e a t i s s u e i n t h i s a p p e a l . A commercial o f f i c e s t r u c t u r e known a s t h e S c o o t e r B u i l d i n g and a s m a l l r e n t a l c a b i n a r e on t h e p r o p e r t y . The f i r s t c o n t r a c t be- tween p l a i n t i f f , a s b u y e r , and Y e l l o w s t o n e Amusement, I n c . , c o n s i s t i n g of d e f e n d a n t M a s t e r s o n s , I n c . , and d e f e n d a n t R u t h e r f o r d Amusements, I n c . , a s s e l l e r , was s i g n e d on May 1 2 , 1978. Under t h e t e r m s of t h e c o n t r a c t , p l a i n t i f f a g r e e d t o p u r c h a s e t h e p r o p e r t y f o r $65,000 p l u s 1 0 p e r c e n t i n t e r - e s t , w i t h t h e p u r c h a s e p r i c e due August 1 2 , 1978. Because of heavy snow t h e S c o o t e r B u i l d i n g had been damaged, s o between May 1 2 and September 1 2 , 1978, p l a i n t i f f e f f e c t e d r e c o n s t r u c t i o n and r e p a i r . Monty N e v i l l e , t h e p r i n c i p a l agent f o r p l a i n t i f f , t e s t i f i e d t h a t a t t h a t time he d i d n o t have t h e p r e s e n t a b i l i t y t o pay f o r t h e p r o p e r t y , b u t h e s o u g h t t o r e p a i r t h e b u i l d i n g and r e s e l l o r l e a s e it. P l a i n t i f f was u n a b l e t o pay Yellowstone Amusements, . Inc., when t h e o b l i g a t i o n became due on August 1 2 , b u t N e v i l l e informed Gib M a s t e r s o n s , a g e n t f o r Yellowstone Amusement, I n c . , t h a t he would g i v e him a check when he r e c e i v e d t h e f u n d s from Empire F e d e r a l S a v i n g s and Loan i n L i v i n g s t o n , Montana. T h e r e a f t e r , Neville gave Mastersons a p o s t d a t e d check w i t h d i r e c t i o n s t o h o l d i t a few d a y s b e f o r e cashing it. M a s t e r s o n s d i d s o , b u t t h e check was r e t u r n e d f o r i n s u f f i c i e n t funds. I n t h e meantime, N e v i l l e had informed d e f e n d a n t Ray Carkeek t h a t t h e b u i l d i n g was a v a i l a b l e f o r s a l e . He also informed Carkeek t h a t t h e b u i l d i n g was a p p r a i s e d a t $211,000, t h a t t h e r e was a l e a s e on one-half of t h e b u i l d i n g , t h a t Empire S a v i n g s and Loan would f i n a n c e t h e t r a n s a c t i o n and t h a t t h e r e were o n l y two c l a i m s a g a i n s t t h e p r o p e r t y . At some p o i n t w i t h i n t h i s t i m e frame, N e v i l l e t o r e down a r e n t a l c a b i n on t h e p r o p e r t y . The f a c t s a r e i n d i s p u t e a s t o whether o r n o t he had M a s t e r s o n s ' a p p r o v a l t o do t h i s . On September 21, 1978, t h e second c o n t r a c t f o r t h e p r o p e r t y was e n t e r e d i n t o w i t h Gib M a s t e r s o n s and p l a i n t i f f , a s s e l l e r s , and d e f e n d a n t s Carkeek, R o b e r t Dye, Lewis Robinson, and R o b e r t R u s s e l l , a s b u y e r s , a g r e e i n g t o pur- c h a s e t h e p r o p e r t y f o r $125,000. The c o n t r a c t was s u b j e c t t o two t y p e d p r o v i s i o n s : f i r s t , that the entire contract was s u b j e c t t o d e f e n d a n t s b e i n g a b l e t o s u c c e s s f u l l y o b t a i n f i n a n c i n g from ~ m p i r eF e d e r a l S a v i n g s and Loan, L i v i n g s t o n , Montana; and second, t h a t t h e s e l l e r s a g r e e d t o h o l d b u y e r s h a r m l e s s a g a i n s t any and a l l c l a i m s a g a i n s t t h e p r o p e r t y . The c o n t r a c t was t o be c l o s e d on November 1, 1978, w i t h d e f e n d a n t Mastersons r e c e i v i n g $65,000. Defendant Dye proceeded i n t o n e g o t i a t i o n s w i t h Empire and was r e f u s e d financing. Defendants a l s o d i s c o v e r e d t h a t N e v i l l e had n o t mentioned s e v e r a l o t h e r c l a i m s a g a i n s t t h e p r o p e r t y . De- f e n d a n t s a t t e m p t e d t o n o t i f y N e v i l l e of t h e f a i l u r e of t h e c o n t r a c t p r o v i s i o n , b u t b e c a u s e N e v i l l e was on a h u n t i n g t r i p , t h e y p l a c e d a l e t t e r i n h i s d o o r which he found upon h i s r e t u r n on October 29. Defendant Robinson c o n t a c t e d d e f e n d a n t Mastersons and a d v i s e d him of t h e b u y e r s ' i n t e n t i o n t o c a n c e l t h e c o n t r a c t f o r f a i l u r e of a c o n d i t i o n p r e c e d e n t . On November 2, 1978, d e f e n d a n t M a s t e r s o n s s o l d t h e p r o p e r t y under a t h i r d c o n t r a c t t o t h e p a r t n e r s h i p of de- f e n d a n t s Dye, Robinson and R u s s e l l , known a s Block ~ s s o c i a t e s . P l a i n t i f f took no p a r t i n t h e t h i r d c o n t r a c t . The D i s t r i c t C o u r t found a n o v a t i o n of t h e f i r s t con- t r a c t and t h a t p l a i n t i f f had, i n f a c t , b r e a c h e d t h e second c o n t r a c t and was i n d e f a u l t of b o t h c o n t r a c t s . P l a i n t i f f argues t h a t t h e novation d i d i n f a c t occur, b u t d i s a g r e e s t h a t t h e f i r s t c o n t r a c t was s t i l l b i n d i n g . P l a i n t i f f c l a i m e d t h a t d e f e n d a n t Gib M a s t e r s o n s , a s a g e n t f o r Yellowstone Amusement, I n c . , c o n s e n t e d t o a new d e b t o r when h e e n t e r e d i n t o a b u y - s e l l agreement on September 2 1 , 1978, with p l a i n t i f f , a s sellers. Carkeek, Dye, ~ o b i n s o n ,and R u s s e l l were b u y e r s . By t h a t agreement d e f e n d a n t M a s t e r s o n s , a s a g e n t f o r Yellowstone Amusement, I n c . , was a c c e p t i n g t h e promise o f Carkeek and t h e o t h e r s t o pay $125,000. Plaintiff i n s i s t s t h a t by a c c e p t i n g t h a t promise from d e f e n d a n t s , i t was d i s c h a r g i n g h i s d e b t owed t o Yellowstone Amusement, I n c . I n o t h e r words, t h e o b l i g a t i o n s between t h e o r i g i n a l p a r t i e s a s found i n t h e May 1 2 , 1978, agreement w e r e e x t i n g u i s h e d and a new o b l i g a t i o n was c r e a t e d which i s t h e b a s i s of t h e nova t i o n . W e do n o t a c c e p t p l a i n t i f f ' s argument. W e f i n d no novation. The p a r t i e s e n t e r e d i n t o a c o n t r a c t on May 1 2 , 1978. The c o n t r a c t c a l l e d f o r a payment on t h e c o n t r a c t on August 1 2 , 1978. P l a i n t i f f d e f a u l t e d on September 21, 1978. Defendant Mastersons informed p l a i n t i f f of h i s d e f a u l t . P l a i n t i f f f u r t h e r attempts t o s a t i s f y the contract obligation a l s o f a i l e d when h e gave d e f e n d a n t M a s t e r s o n s , a s a g e n t f o r Yellowstone Amusement, I n c . , a check which was r e t u r n e d marked " i n s u f f i c i e n t f u n d s . " The o r i g i n a l May 1 2 , 1978, contract stated i n part: " I f t h e e n t i r e sum i s n o t p a i d t h e n t h i s c o n t r a c t s h a l l be i n d e f a u l t . " A t t h e time, t h e c o n t r a c t was n o t p a i d and p l a i n t i f f was i n d e f a u l t . In a frantic a t t e m p t t o f o r e g o t h e e f f e c t s of d e f a u l t of t h e c o n t r a c t , p l a i n t i f f attempted t o sell t h e property t o another party-- d e f e n d a n t s Carkeek, Dye, R u s s e l l and Robinson, t h e r e b y c l a i m i n g a n o v a t i o n and a d i s c h a r g e of t h e o r i g i n a l c o n t r a c t . "'Novation' i s t h e s u b s t i t u t i o n of a new o b l i g a t i o n f o r a n e x i s t i n g one." S e c t i o n 28-1-1501, MCA. "Novation i s made by t h e s u b s t i t u t i o n o f : (1) a new o b l i g a t i o n between t h e same p a r t i e s w i t h i n t e n t t o e x t i n g u i s h t h e o l d o b l i g a - tion." S e c t i o n 28-1-1502, MCA. " I n o r d e r t o e f f e c t a n o v a t i o n t h e r e must be a c l e a r and d e f i n i t e i n t e n t i o n on t h e p a r t of a l l concerned t h a t such i s t h e p u r p o s e of t h e a g r e e - ment, f o r i t i s a w e l l - s e t t l e d p r i n c i p l e t h a t n o v a t i o n i s n e v e r t o be presumed; t h e p o i n t i n e v e r y c a s e , t h e n , i s , d i d t h e p a r t i e s i n t e n d by t h e i r arrangement t o e x t i n g u i s h t h e o l d d e b t o r o b l i g a t i o n and r e l y e n t i r e l y on t h e new, o r d i d t h e y i n t e n d t o keep t h e o l d a l i v e and merely a c c e p t t h e new a s f u r t h e r s e c u r i t y , and t h i s q u e s t i o n of i n t e n t i o n must be d e c i d e d from a l l of t h e c i r c u m s t a n c e s . " Harrison v. Fregger ( 1 9 3 0 ) , 88 Mont. 448, 453, 294 P . 372, 373. W e f i n d no s u b s t i t u t e d c o n t r a c t . The new agreement i s n o t a s u b s t i t u t e d c o n t . r a c t o p e r a t i n g a s a n immediate d i s c h a r g e . We f i n d t h i s by t h e r e a s o n a b l e i n t e r p r e t a t i o n of t h e i n t e n t of t h e p a r t i e s a s found i n t h e r e c o r d . " T h e r e i s no d i s c h a r g e by n o v a t i o n when a c r e - d i t o r mere1.y a c c e p t s a payment made by a t h i r d p e r s o n o r a s s e n t s t o t h e assumption of t h e d e b t by such a t h i r d p e r s o n . If the transaction r e a s o n a b l y a p p e a r e d t o him a s one t h a t would g i v e him a d d i t i o n a l s e c u r i t y , and n o t a wholly new and s u b s t i t u t e d o b l i g o r , t h e r e i s no a s s e n t by him t o s u c h a s u b s t i t u t i o n and t h e r e i s no d i s c h a r g e by n o v a t i o n . " Corbin on C o n t r a c t s , S1298 a t 2 2 4 ( 1 9 6 2 ) . Defendant M a s t e r s o n s was t h e o r i g i n a l o b l i g e e . Plaintiff defaulted. The o r i g i n a l c o n t r a c t was b r e a c h e d f o r nonpayment. Defendant Mastersons s i m p l y wanted h i s money f o r t h e b u i l d - i n g and p r o p e r t y . He d i d n o t want t o s u b s t i t u t e t h e c o n t r a c t with another person. P l a i n t i f f i s a r e a l e s t a t e broker. He a t t e m p t e d t o s e c u r e a d d i t i o n a l b u y e r s f o r t h e p r o p e r t y when he was i n d e f a u l t and induced d e f e n d a n t M a s t e r s o n s by a l l o w i n g p l a i n t i f f t o e n t e r t h e b u y - s e l l agreement of September 21, 1978, a s a s e l l e r . However, i n t h e e n d , t h e b u y - s e l l a g r e e - ment f a i l e d t o e f f e c t u a t e a b i n d i n g c o n t r a c t . There was no substituted contract. The D i s t r i c t C o u r t found t h a t t h e c o n d i t i o n p r e c e d e n t of o b t a i n i n g f i n a n c i n g f o r t h e p r o p e r t y was n o t f u l f i l l e d , t h e r e f o r e r e n d e r i n g t h e second c o n t r a c t n u l l and v o i d . The o r i g i n a l o b l i g o r was n e v e r d i s c h a r g e d . F a i l u r e t o e f f e c t u a t e a second c o n t r a c t r e s u l t e d i n no contract. Without a second c o n t r a c t , t h e r e c a n be no nova- tion. P l a i n t i f f a r g u e s t h a t t h e D i s t r i c t C o u r t e r r e d by f i n d i n g t h a t t h e s u b j e c t t o f i n a n c i n g c l a u s e was a c o n d i t i o n p r e c e d e n t and w i t h o u t f i n d i n g t h a t d e f e n d a n t s had t o make reasonable e f f o r t t o secure financing, thereby, allowing the d e f e n d a n t s t o g e t o u t of t h e September 21, 1978, c o n t r a c t . W disagree. e The b u y - s e l l agreement s p e c i f i c a l l y s t a t e d t h a t " t h i s o f f e r i s s u b j e c t t o f i n a n c i n g a t Empire F e d e r a l S a v i n g s and Loan, L i v i n g s t o n , Mt." "A c o n d i t i o n p r e c e d e n t i s a f a c t o r e v e n t which t h e p a r t i e s i n t e n d must e x i s t o r t a k e p l a c e b e f o r e t h e r e i s a r i g h t t o performance. A c o n d i t i o n i s d i s t i n g u i s h e d from a promise i n t h a t i t c r e a t e s no r i g h t o r d u t y i n and of it- s e l f b u t i s m e r e l y a l i m i t i n g o r modifying factor. If the condition i s not f u l f i l l e d , the r i g h t t o e n f o r c e t h e c o n t r a c t d o e s n o t come i n t o e x i s t e n c e . " W i l l i s t o n , A T r e a t i s e on t h e 7 - - o Law-f C o n t r a c t s , 5663 a t 12673rd e d . 1 9 6 1 ) . "A c o n d i t i o n p r e c e d e n t i s one which i s t o be performed b e f o r e some r i g h t d e p e n d e n t t h e r e o n a c c r u e s o r some a c t dependent t h e r e o n i s p e r - formed." S e c t i o n 28-1-403, MCA. B e f o r e any p a r t y t o an o b l i g a t i o n c a n r e q u i r e a n o t h e r p a r t y t o perform any a c t under i t , he must f u l f i l l a l l c o n d i t i o n s p r e c e d e n t t h e r e t o imposed upon h i m s e l f and must be a b l e and o f f e r t o f u l f i l l a l l c o n d i t i o n s c o n c u r r e n t s o imposed upon him of t h e l i k e f u l f i l l m e n t by t h e o t h e r p a r t y e x c e p t a s p r o v i d e d by s e c t i o n 28-1-407, MCA. The D i s t r i c t C o u r t p r o p e r l y found t h a t t h e f a i l u r e t o o b t a i n t h e n e c e s s a r y f i n a n c i n g f o r t h e p u r c h a s e from Empire F e d e r a l S a v i n g s and Loan i n L i v i n g s t o n , Montana, r e n d e r e d t h e c o n t r a c t of September 2 1 , 1978, a n u l l i t y . The p r o - vision is specific. Under t h e c i r c u m s t a n c e s of t h i s c a s e , t h e e f f o r t s of d e f e n d a n t s t o o b t a i n t h e f i n a n c i n g were reasonable. P l a i n t i f f represented t o defendants t h a t i n f a c t he had a commitment f o r f i n a n c i n g a t Empire F e d e r a l S a v i n g s and Loan. Testimony from t h e bank o f f i c e r i n d i c a t e d t h a t no commitment was made. F u r t h e r , d e f e n d a n t s went t o L i v i n g s t o n t o make a p p l i c a t i o n f o r t h e l o a n b u t were i n - formed by t h e l o a n o f f i c e r t h a t he would n o t make a l o a n i n West Yellowstone, Montana, t o anybody and t h a t i t w a s f u t i l e a t t h a t p o i n t i n t i m e t o make an a p p l i c a t i o n f o r a l o a n . P l a i n t i f f had no money. P l a i n t i f f had no a c c e s s t o money--he was p u r e l y s p e c u l a t i n g on t h e p r o p e r t y , and he embarked on a h i g h l y s p e c u l a t i v e v e n t u r e i n hope t h a t some l e n d i n g i n s t i t u t i o n would g i v e him t h e money, o r i n hope t h a t he c o u l d somehow f i n d a buyer f o r h i s p r o p e r t y . Plain- t i f f d i d n o t p u t one c e n t o f h i s own money i n t o t h i s b u i l d i n g . P l a i n t i f f attempted t o salvage a loosely-held f i n a n c i a l gamble by making r e p r e s e n t a t i o n s t o o t h e r s a s an inducement t o purchase t h e property. There was no l o a n . There was no commitment f o r a l o a n . There was no l e a s e n o r a commitment f o r a l e a s e on t h e p r e m i s e s . I n t h e end when t h e c a r d s w e r e c a l l e d , p l a i n t i f f came up empty-handed. P l a i n t i f f was o b l i g a t e d t o make payment. He f a i l e d t o do s o . H e attempted t o make a n o t h e r p a r t y l i a b l e f o r h i s nonpayment and, t h e r e b y , extinguish h i s original obligations--this too f a i l e d . Although t h e D i s t r i c t C o u r t e r r e d i n c o n c l u d i n g t h a t a n o v a t i o n had o c c u r r e d , w e f i n d s u b s t a n t i a l e v i d e n c e and p r o p e r a p p l i c a t i o n of law t o uphold t h e awarding of damages f o r t h e b r e a c h of t h e May 1 2 , 1 9 7 8 , c o n t r a c t . Af f irmed. Justice W e concur: /