Elliott v. Mechanics Bank CA6

CourtCalifornia Court of Appeal
DecidedFebruary 20, 2025
DocketH051631
StatusUnpublished

This text of Elliott v. Mechanics Bank CA6 (Elliott v. Mechanics Bank CA6) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Elliott v. Mechanics Bank CA6, (Cal. Ct. App. 2025).

Opinion

Filed 2/20/25 Elliott v. Mechanics Bank CA6 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SIXTH APPELLATE DISTRICT

ROBERT T. ELLIOTT, H051631 (Monterey County Plaintiff and Appellant, Super. Ct. No. 21CV003944)

v.

MECHANICS BANK,

Defendant and Respondent.

In this breach of contract action, Robert Elliott sued Mechanics Bank (Mechanics), as successor in interest to Rabobank, N.A. (Rabobank, or “the bank”), after Rabobank repudiated what Elliott believed was a written agreement to resolve a $3,354,371.34 judgment against him. Elliott alleged that he and Rabobank entered into an agreement in January 2014 that Elliott would pay $140,000 to settle the debt. Several years passed while Elliott—who understood Rabobank was backlogged with credit files and believed there was no exigency—waited for instructions on paying the settlement amount. In April 2018, Rabobank responded to an inquiry by Elliott and informed him there was no settlement agreement. Elliott filed suit in December 2021, alleging breach of the settlement agreement. Mechanics answered the complaint asserting, among other defenses, that the complaint was time barred. It later brought a motion for summary judgment. The trial court granted summary judgment for Mechanics, finding that Elliott failed to file suit within the applicable four-year statute of limitations and that equitable estoppel did not preclude the bank from relying on its statute of limitations defense. On appeal, Elliott asserts the trial court erred because his breach of contract cause of action accrued only in April 2018, when Rabobank expressly repudiated the agreement. He contends that issues of material fact pertaining to the contract’s formation and essential terms, reasonable time for performance, and date of alleged breach preclude summary judgment. For the reasons explained below, we reject these arguments and affirm the judgment. I. FACTS AND PROCEDURAL BACKGROUND A. Facts1 In 2004, Elliott and a group of business associates obtained three loans from Community Bank of Central California (Community Bank) to fund their business enterprise, Premium Fresh Farms, LLC (Premium Fresh). The loans totaled $3,650,000, as follows: (1) United States Small Business Administration (SBA) loan No. 78186840- 09, in the sum of $1,900,000, issued on October 12, 2004, guaranteed through the SBA and personally guaranteed by Elliott and each of his business associates; (2) Community Bank loan No. 160064291, in the sum of $1,000,000, not subject to any agency guarantee but personally guaranteed by Elliott and each of his business associates; and (3) Community Bank loan No. 190012401, in the sum of $750,000, guaranteed through the

1 We draw the facts recited here from the record that was before the trial court when it ruled on the motion for summary judgment (Yanowitz v. L’Oreal USA, Inc. (2005) 36 Cal.4th 1028, 1037), including the parties’ separate statements of undisputed material facts, evidence judicially noticed in conjunction with the motion for summary judgment, and admissions in the parties’ appellate briefs. (See Kim v. County of Monterey (2019) 43 Cal.App.5th 312, 316, fn. 1.) We liberally construe the evidence in support of Elliott, as the party opposing summary judgment, and resolve doubts concerning the evidence in his favor. (Yanowitz, at p. 1037.) 2 California Coastal Rural Development Corporation and listed Elliott and his business associates as coborrowers. Premium Fresh defaulted on the loans in or around 2006. In February 2006, Rabobank became the successor-in-interest by merger to Community Bank and assumed the Premium Fresh loans. In August 2019, Mechanics assumed the loans when it became successor in interest by merger to Rabobank. In 2007, Rabobank filed suit against Premium Fresh and the individual borrowers and guarantors, including Elliott, in Rabobank, N.A. v. Premium Fresh Farms, LLC, et al. (Super. Ct. Monterey County, 2017, No. M82496) based on the loan defaults. In July 2008, Rabobank obtained a joint and several judgment in the amount of $3,354,371.34, against Premium Fresh, Elliott, and his business associates, with interest accruing at 10 percent annually on the judgment per statute (hereafter, 2008 judgment). Rabobank recorded judgment liens against real property owned by the debtors, including Elliott. Several of the debtors filed for bankruptcy, causing the 2008 judgment and liens to be discharged as to those individuals. However, Elliott did not file for bankruptcy. In mid-2013, Elliott contacted Rabobank about settling the 2008 judgment and liens. Bank representatives referred him to Rabobank’s special assets department in Fresno. Elliott spoke with Robert Bennett, Rabobank’s senior vice president and director of special assets, and explained his desire to resolve his liability by paying an amount he could reasonably manage instead of filing for bankruptcy. Bennett agreed to meet with Elliott. Elliott traveled to Fresno to meet with Bennett and present preliminary information about his financial situation, including the judgments against Premium Fresh, property holdings, and financial status of his businesses and liabilities. Bennett asked Elliott to prepare a formal financial statement for Rabobank’s review. On August 8, 2013, Elliott submitted a financial statement to Bennett and returned to Fresno on August 21 to meet with him in person. Elliott brought additional documents 3 to the meeting, including a two-inch thick binder prepared by Elliott’s bookkeeper. The binder contained information on Elliott’s assets and liabilities, payments and services made by Elliott or his companies in satisfaction of Premium Fresh’s debts and to satisfy Premium Fresh’s obligations, information on properties Elliott had lost to foreclosure, recent tax filings, profit and loss statements for Elliott’s businesses, outstanding loan obligations, and judgments against Premium Fresh. Bennett left the office with materials from the binder, and Elliott understood Bennett was making copies of them. During the meeting, which lasted between 45 minutes and one hour, Bennett explained that Rabobank had a substantial backlog of debtor files from the 2008 market crash. He indicated that he had larger value files to handle and might have to delegate Elliott’s file to another agent in the special assets department. Elliott maintains that at no point during their discussions did Bennett inform him that further settlement discussions would require the involvement of any other entity. In August or September 2013, Bennett referred Elliott to Frank Oliver, Rabobank’s then-vice president and senior special assets officer. Elliott traveled to Fresno to meet with Oliver sometime in September 2013. Elliott presented a written proposal of $50,000 to settle the 2008 judgment and liens. Oliver rejected the proposal based on what Elliott understood was the insufficiency of the dollar amount.2 On

2 The parties present conflicting evidence about what transpired at the in-person meeting and whether Oliver communicated to Elliott that he would need to present additional financial statements, and that any settlement process would be subject to review by the SBA and would require a formal written agreement. According to Elliott, Oliver reviewed the materials he had provided to Bennett, along with the binder that Elliott had again brought, and asked Elliott to submit a formal settlement proposal for Rabobank’s consideration. However, Oliver did not mention that any other entity would need to be involved in settlement discussions.

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Bluebook (online)
Elliott v. Mechanics Bank CA6, Counsel Stack Legal Research, https://law.counselstack.com/opinion/elliott-v-mechanics-bank-ca6-calctapp-2025.