Dick B. Simmons, Sr., and Julie M. Simmons v. White Knight Development, LLC

Court of Appeals of Texas·Decided August 20, 2026·No. 10-21-00309-CV·Published

Opinion

Court of Appeals

Tenth Appellate District of Texas

10-21-00309-CV

Dick B. Simmons, Sr.,1 and Julie M. Simmons, Appellants

v.

White Knight Development, LLC, Appellee

On appeal from the

361st District Court of Brazos County, Texas Judge Steve Smith, presiding Trial Court Cause No. 18-001344-CV-361

CHIEF JUSTICE JOHNSON delivered the opinion of the Court.

MEMORANDUM OPINION ON REMAND This case is before us on remand from the Texas Supreme Court.

Factual Background

In 2015, White Knight Development, LLC executed a contract to purchase land in a Bryan subdivision from Dick and Julie Simmons for $400,000. The property had been subdivided subject to restrictions, including set-back requirements, and

1 Dick B. Simmons, Sr., died on February 22, 2026, while this case was pending on appeal.

Pursuant to Rule of Appellate Procedure 7.1(a)(1), we will proceed to adjudicate this appeal as if all parties were still alive and will continue to identify Dick B. Simmons, Sr., as an appellant in this case. See TEX. R. APP. P. 7.1(a)(1).

residents voted to extend the restrictions, such that they would be effective until January 1, 2016, with the potential to extend them further if residents voted accordingly by January 1, 2018.

White Knight became concerned that the restrictions could interfere with its plan to develop the property. So the parties agreed to amend the contract to include a “buy-back” provision, giving White Knight the option to require the Simmonses to repurchase the property if residents again voted to extend the restrictions. It provides:

2. “Buy Back” agreement. In return for valuable consideration, Seller agrees that if any of the Restriction concerns . . . are reinstated at any time prior to January 1, 2018, Buyer has the option (but not the obligation) to demand that Seller repurchase the Property. If Buyer exercises this option, Seller shall be required to repurchase the Property for the purchase price stated in the Sale Contract, minus any unpaid balance owed by Buyer under its promissory note with Seller within a 45 day period after this “Buy Back” agreement is requested to be executed.

The sale closed in May 2016, with White Knight paying the $400,000 purchase price in exchange for the property deed.

White Knight’s concerns proved well-founded when the residents voted to extend the restrictions in October 2016. So White Knight invoked the buy-back provision for which it had bargained, giving the Simmonses until December 23, 2017, to repurchase the property at the $400,000 sales price. But the fortyfive -day period came and went, and the Simmonses refused to buy back the land.

White Knight Dev., LLC v. Simmons, 718 S.W.3d 203, 206–07 (Tex. 2025).

Trial Court Proceedings

White Knight sued [the Simmonses] for breach of contract and fraudulent inducement of a real estate contract (and other theories), seeking both specific performance of the buy-back provision and “damages incurred as a result of [the Simmonses’]

conduct, including but not limited to, fees charged by banks or other financial institutions (including extension fees), taxes, interests, and other costs.” The Simmonses responded that a condition precedent to the buy-back provision—extension of the property restrictions—never occurred because those restrictions had expired. They counterclaimed for a declaration that the restrictions are invalid.

The case was tried to the bench. White Knight presented evidence that it suffered financial setbacks it attributed to the Simmonses’ breach. It originally financed its purchase of the Simmons property with a loan from MidSouth Bank. After the Simmonses refused to repurchase, White Knight defaulted on the MidSouth loan and paid a forbearance fee to avoid foreclosure. It took out a second loan to pay MidSouth, using the Simmons property and an unrelated property as collateral. After defaulting on the second loan, White Knight took out a third loan to refinance the unrelated property and pay off the note on the Simmons property. White Knight later transferred title in the unrelated property to the second lender to avoid foreclosure. All throughout, it paid property taxes and loan interest using a company credit card. There was testimony that “White Knight’s business essentially has come to a screeching halt” and the company is no longer functioning “in any capacity.”

The trial court found the Simmonses breached the contract.

In so doing, it concluded that the Simmonses were precluded from asserting there were no valid restrictions on the property under the doctrine of quasi-estoppel. The trial court awarded White Knight specific performance of the buy-back provision, ordering the Simmonses to repurchase the property for $400,000. It also awarded White Knight $308,136.14 in “[a]dditional actual damages/consequential damages” for various costs incurred during the three-and-a-half year period from the date of breach (December 23, 2017) to trial.[ 2] It itemized the monetary award in its findings of fact and conclusions of law:

2 A footnote in the opinion here provides: “The trial court further awarded White Knight attorney’s fees, costs of court, and pre- and post-judgment interest.” Id. at 207 n.1.

Simmons v. White Knight Dev., LLC Page 3

• $103,667.73 for expenses “related to” the Simmons property, including property taxes, forbearance and refinancing fees, and interest payments for the MidSouth loan and the two other loans it acquired to avoid defaulting on the MidSouth loan;

• $45,619.83 for property taxes owed in 2020 ($4,862.23 for the Simmons property and the rest for other properties);

• $8,211.57 in penalties related to past due property taxes for 2020 ($875.20 for the Simmons property and the rest for other properties);

• $59,318.00 in “operating loan interest” for White Knight “to continue business”;

• $74,802.00 in “loan interest related to another property that had to be refinanced to avoid foreclosure of ” the Simmons property; and

• $16,518.00 in “credit card interest” for White Knight to “continue business.”

The trial court found that—due to the Simmonses’ breach—

White Knight had to extend its financing with MidSouth Bank, pay a forbearance fee to avoid foreclosure, and secure financing from additional lenders. Finally, it found that White Knight’s “credit was damaged” and it “suffered significant additional expenses due to other projects that were not able to be completed due to continued expenses.”

Id. at 207–08.

Court of Appeals Proceedings

Both parties appealed. White Knight contended that the trial court erred by not finding in White Knight’s favor on its fraud claim, which was not addressed in the trial court’s judgment. The Simmonses presented several issues, including a challenge to the quasi-estoppel finding and the awards of both specific performance and damages.

Id. at 208. This Court ultimately modified the trial court’s judgment by deleting the $308,136.14 “damage award” but otherwise affirmed the trial court’s judgment. Simmons v. White Knight Dev., LLC, 703 S.W.3d 136, 139 (Tex. App.—Waco 2023) (mem. op.), rev’d in part, 718 S.W.3d 203 (Tex. 2025).

In our opinion, we first addressed the Simmonses’ challenge to the trial court’s quasi-estoppel finding. See id. at 144–47. When we reviewed the evidence in the light most favorable to the trial court’s finding, we concluded that “the evidence supports the findings and judgment of the trial court regarding the applicability of the doctrine of quasi-estoppel relative to breach of contract and specific performance.” Id. at 147. Accordingly, we concluded that the evidence supports the trial court’s finding that the Simmonses were estopped from arguing the validity of the restrictions. Id.

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Dick B. Simmons, Sr., and Julie M. Simmons v. White Knight Development, LLC, (Tex. Ct. App. 2026).

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