Baker v. Mundaca Investment Corp.

CourtCourt of Appeals of Tennessee
DecidedJune 29, 1999
Docket01A01-9809-CH-00498
StatusPublished

This text of Baker v. Mundaca Investment Corp. (Baker v. Mundaca Investment Corp.) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Baker v. Mundaca Investment Corp., (Tenn. Ct. App. 1999).

Opinion

JANET K. BAKER, )

Plaintiff-Appellee, ) ) Appeal No. FILED ) 01A01-9809-CH-00498 ) June 29, 1999 v. ) ) Davidson Chancery Cecil Crowson, Jr. MUNDACA INVESTMENT ) Appellate Court Clerk CORPORATION, ) ) Defendant-Appellant, )

COURT OF APPEALS OF TENNESSEE MIDDLE SECTION AT NASHVILLE

APPEALED FROM THE CHANCERY COURT OF DAVIDSON COUNTY AT NASHVILLE, TENNESSEE

THE HONORABLE CAROL L. McCOY, CHANCELLOR

ROBERT D. TUKE and W. EDWARD RAMAGE TUKE YOPP & SWEENEY, PLC 414 Union Street, Suite 1100 Nashville, Tennessee 37219 Attorney for Plaintiff-Appellee

JEFFREY A. GREENE and G. MILLER HOGAN, II CASTLEMAN & GREENE, PLLC 110 Glancy Street, Suite 109 Goodlettsville, Tennessee 37072 Attorney for Defendant-Appellant

AFFIRMED AND REMANDED

HERSCHEL P. FRANKS, JUDGE

CONCUR: GODDARD, P.J. CANTRELL, J. OPINION

This action involves a d ispute over loan brok erage fee s. Defend ant-

appellant Mundaca Investment Corp. (“Mundaca”) purchased “loan packages” at

auction. A single package typically consisted of several individual loans secured by

real estate. M undaca h ired Plaintiff J anet Bak er to assist it in ob taining finan cing to

bid on these packages.

Under the parties’ initial agreement, Baker received a 1.5% commission

on all closed , funded lo ans. In De cember, 1 992, the pa rties orally modif ied this

agreement. According to Mundaca, the parties agreed that Baker would not receive a

new commission each time Mundaca paid down its indebtedness and re-borrowed on

the same line of credit. In exchange, Baker was to receive 1.5% of the entire amount

of the line o f credit at the b eginning, re gardless of the amou nt Mun daca actua lly

borrowed. Mundaca contends that the parties did not modify the portion of the

agreem ent requ iring the loans to be clos ed bef ore Ba ker earn ed her f ee.

According to Baker, the parties agreed that she would receive only one

commission on a given line of credit. In exchange, Mundaca would pay her

commiss ion whe n the lende r committe d to lend rath er than w hen the loa n actually

closed.

Baker helped Mundaca to obtain a $5,000,000.00 loan commitment

from SouthTrust Bank. A commitment agreement was signed on February 3, 1995,

but the loan never closed. Baker sought a $75,000.00 commission, which Mundaca

refu sed to pay.

This action resulted, and Baker initially bro ught fou r claims for u npaid

fees. Mundaca paid fees for two of the claims before trial and Baker moved for

summary judgment on the remaining claims. The Court granted summary judgment

2 on the second claim but denied it on the first. The ca se was tried before a jury, wh ere

Baker asserted alternative claim s for breach of con tract or quantum meruit. The Trial

Court directed a verdict for Mundaca on the quantum meruit claim, and the jury

returne d a verd ict for B aker on the con tract claim for $7 5,000.0 0.

Mundaca contends that the Trial Court erred in admitting the testimony

of plaintiff’s two expert witnesses, and argues that the witnesses were not qualified

and did not sub stantially as sist the ju ry.

Questions regarding the admissibility, qualifications, relevancy and

competency of an expert’s testimony are generally left to the discretion of the trial

court. McD aniel v. C SX Tr ansp., In c., 955 S .W.2d 257 (T enn. 19 97), cert. denied, 118

S.Ct. 22 96 (19 98).

Mundaca contends that the plaintiff’s expert witnesses were not

qualifie d beca use the y lacked e xperien ce with the type o f loans involv ed in this case.

Specifically, neither had significant experience working with notes secured by real

estate mortgages rather than the real estate itself. Both witnesses, however, had

extensive experience in the mortgage banking and brokerage industry. The witnesses

testified that, in the ir opinion, the re was no differenc e betwee n the loans in volved in

this case and other types of loans with which they were experienced. They testified

that the u nderlying security w as the sa me in e ither insta nce.

The Trial Court has wide discretion in assessing the qualifications of

experts . We fin d no ab use of discretio n by the T rial Cou rt. See Otis v. Cambridge

Mut. Fire Ins. Co., 850 S.W.2d 43 9 (Tenn. 1992).

Mund aca also arg ues the exp erts’ testimony did not “substa ntially

assist” the jury. G enerally, the que stion of w hat will “sub stantially assist” the jur y is

for the t rial cour t to deter mine. Primm v. Wickes Lumber Co., 845 S.W.2d 768

(Tenn.App. 1992). In this case, the Trial Court limited the content of the experts’

3 testimony to the commo n practices in the industry, and did not allow any expert

testimony concerning how the parties set fees in this case, nor did it permit testimony

conce rning th e indus try standa rds of s etting a f ee.

The testimony concerning common practices in the industry was

relevant to the plaintiff’s quantum meruit claim. Altho ugh the T rial Court ultim ately

granted a directed verdict on that issue, the motion for directed verdict was not made

until after plaintiff had presented her experts. Thus, the quantum meruit claim was at

issue w hen the eviden ce wa s admitt ed. See Barr v. Plastic Sur gery Co nsultants, 760

S.W.2d 585 (Mo.Ct.App. 1988) (evidence relating to claim disposed of by directed

verdict was relevant and material at trial as issue was still viable). Moreover, Mundaca

was p ermitted to prese nt its ow n expe rt on the issue.

Mundaca also argues that despite the Trial Court’s limitation, one of the

plaintiff’s ex perts impro perly testified that p laintiff had e arned her f ee under th e facts

of this case. The Trial Court sustained Mundaca’s objection and issued a detailed

curative instruction to the jury. The jury is presumed to have followed this instruction.

State v. Smith, 893 S.W.2d 908 (Tenn. 1994). Taking into account other material

evidence in favor of plaintiff’s position, the brevity of the question and response and

the detailed c urative instruc tion, the Co urt did not err o n this issue. M oreover, the re is

other evidence to support plaintiff’s position, including her own testimony and

eviden ce con cerning the parti es’ cou rse of c onduc t.

Mundaca next contends the Trial Court erred in admitting evidence of

its financial co ndition. Spe cifically, the Trial Ju dge perm itted counse l for plaintiff to

question John Groomes, the Chairman of Mundaca, concerning the “created value” of

the company. According to the witness, “[c]reated value is an estimate of what is out

there to be c ollected . . .” Th e plaintiff arg ues that this ev idence w as importan t to

establish her quantum meruit claim, w hich w as still at iss ue at tha t point in the trial.

4 Specifically, she argues that the information was necessary to show that Mundaca

benefitted from her services. Mundaca contends that this evidence was irrelevant

even to the quantum meruit claim because only the payment for the SouthTrust loan

was at issue.

In this case, the evidence concerning “created value” was introduced

only for th e years du ring w hich pla intiff pr ovided broker age ser vices fo r Mun daca.

No evidence was introduced concerning Mundaca’s actual value at or near the time of

trial.

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Related

State v. Smith
893 S.W.2d 908 (Tennessee Supreme Court, 1994)
Barr v. Plastic Surgery Consultants, Ltd.
760 S.W.2d 585 (Missouri Court of Appeals, 1988)
Primm v. Wickes Lumber Co.
845 S.W.2d 768 (Court of Appeals of Tennessee, 1992)
Bain v. Wells
936 S.W.2d 618 (Tennessee Supreme Court, 1997)

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