Estate of George Salicos v. Trevor Wyatt Richard

CourtLouisiana Court of Appeal
DecidedJune 9, 2021
DocketCA-0021-0048
StatusUnknown

This text of Estate of George Salicos v. Trevor Wyatt Richard (Estate of George Salicos v. Trevor Wyatt Richard) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Estate of George Salicos v. Trevor Wyatt Richard, (La. Ct. App. 2021).

Opinion

NOT DESIGNATED FOR PUBLICATION

STATE OF LOUISIANA COURT OF APPEAL, THIRD CIRCUIT

21-48

ESTATE OF GEORGE SALICOS, ET AL.

VERSUS

TREVOR WYATT RICHARD

**********

APPEAL FROM THE FOURTEENTH JUDICIAL DISTRICT COURT PARISH OF CALCASIEU, NO. 2016-997 HONORABLE ROBERT LANE WYATT, DISTRICT JUDGE

CANDYCE G. PERRET JUDGE

Court composed of Candyce G. Perret, Sharon Darville Wilson, and Charles G. Fitzgerald, Judges.

AFFIRMED. Annette Fuller Roach Michael Roach Roach & Roach, APLC Post Office Box 1747 Lake Charles, LA 70602 (337) 436-2900 COUNSEL FOR PLAINTIFF/APPELLANT: Estate of George Salicos through Karen Salico, Administratrix Karen Salicos

Walter Marshall Sanchez The Sanchez Law Firm, L.L.C. 1200 Ryan Street Lake Charles, LA 70601 (337) 433-4405 COUNSEL FOR DEFENDANT/APPELLEE: Trevor Wyatt Richard PERRET, Judge.

This appeal originates from a suit for breach of contract between George

Salicos, deceased, and Trevor Richard, Appellee-Defendant. After a trial on the

merits, the trial court rendered judgment in favor of Appellee, dismissing

Appellants’ demands with prejudice. Thereafter, the trial court denied Appellants’

motion for new trial. On appeal, we affirm.

FACTUAL AND PROCEDURAL BACKGROUND:

George Salicos owned and operated Cajun Deelite, LLC (“Cajun Deelite”),

which contracted with local businesses to provide and service frozen drink

machines. Based on the record, Mr. Salicos came into some financial troubles and

decided to sell Cajun Deelite’s equipment and customer accounts. It is undisputed

that Mr. Salicos and Appellee signed a Bill of Sale on January 28, 2011, wherein

Mr. Salicos sold, and Appellee agreed to buy, “46-Frozen Drink Machines,

Replacement parts, Syrup Inventory, [and] Existing Customer Accounts

(Goodwill)” for a total of $125,000.00. Appellee was to make an initial $5,000.00

payment and then pay the balance in thirty $4,000.00 installments due on the first

of each month, beginning on March 1, 2011. The parties agree that the initial

down payment as well as payments until July 1, 2011, were made.

The parties further agree that an Addendum to Bill of Sale was signed on

July 1, 2011, providing for the potential amendment of the original Bill of Sale. In

the Addendum, the parties acknowledge that $104,000.00 remains as a balance

owed by Appellee. However, in the Addendum Mr. Salicos offers Appellee a

discount of $30,000.00 if he “can obtain the necessary financing from a lending

institution, be that institution a public bank, public lender, or from private

financing to pay the total sum of new price.” The Addendum continues: “New sale price if Buyer is able to obtain financing will be Seventy-Four Thousand Dollars

($74,000).” It is undisputed that Appellee was unable to obtain financing for

$74,000.00. These facts, as mentioned above, appear to be all that the parties agree

on regarding the sale.

Mr. Salicos died in February of 2012, without notifying his wife of his

financial troubles or that he sold Cajun Deelite’s equipment and customer accounts

to Appellee. Following his death, Mrs. Salicos found two notes indicating

Appellee owed Mr. Salicos either $50,400.00 or $50,600.00 for the January 2011

sale. The notes were not dated. After a demand was made on Appellee, Mrs.

Salicos initiated this lawsuit for breach of contract as the appointed administratrix

of Mr. Salicos’s estate, as well as in her own right.

Appellee answered the petition and set forth the affirmative defense of

extinguishment. Appellee asserted that Mr. Salicos approached him regarding the

sale of Cajun Deelite equipment and accounts due to his financial distress.

Appellee further asserted that, after the Bill of Sale was entered, it was Mr. Salicos

who again approached Appellee in July 2011, seeking to discount the sale price to

quickly obtain funds. In addition to the Addendum, Appellee asserts that his

father, Preston Richard, executed a loan document with Mr. Salicos, lending him

$8,000.00. When Appellee could not get approved for the discounted sum, Mr.

Salicos provided Appellee a banking contact. Thereafter, Appellee was approved

for financing but could not obtain the discounted sale price Mr. Salicos sought.

Despite this fact, Appellee asserted that on October 28, 2011, Mr. Salicos accepted

a $32,000.00 check,1 $3,500.00 in cash,2 and permitted Appellee to pay off his debt

1 The returned check was admitted into evidence. The check was written out to Mr. Salicos and contained in the memo section: “purchase of Cajun Deelite/$3,5000.00 Balance

2 to Preston Richard in the amount of $19,000.00, 3 all in full satisfaction and

extinguishment of the Bill of Sale. Appellee concludes: “The actions of defendant

on October 28, 2011[,] not only extinguished his obligation due Salicos originating

in the Addendum to Bill of Sale, but also extinguished the obligations due Preston

Richard by Salicos.”

Appellee further testified at trial regarding the Loan Agreement, which was

entered into evidence. Under the agreement, Preston Richard would loan Mr.

Salicos $8,000.00 “along with [Appellee’s] payment of Four Thousand Dollars

($4,000).” Appellee testified that he does not recall if the $4,000.00 was in

addition to the July 1st monthly payment that was due. The Loan Agreement

continues:

Borrower [Mr. Salicos] agrees that upon [Appellee’s] obtainment of financing for the total sum of Seventy-Four Thousand Dollars ($74,000) from lending institution which will be paid to [Mr. Salicos] to satisfy the ADDENDUM TO BILL OF SALE. Borrower shall give to Lender [Preston Richard] the total sum of Nineteen Thousand Dollars ($19,000) in a single payment within two weeks of receiving funds from lending institution.

If financing is not obtained by [Appellee] from lending institution by any fault of Borrower, Borrower shall in return be responsible for full payment in the amount of Twelve Thousand Dollars ($12,000) to Lender. Borrower agrees that he has fully disclosed all information pertaining to BILL OF SALE with [Appellee].

remaining (equipment only).” The check was endorsed by Mr. Salicos as well as by another signature. 2 Appellee admitted into evidence a check written out to him in the amount of $3,300.00, which he testified he cashed and gave the amount plus an additional $200.00 cash to Mr. Salicos on October 28, 2011. 3 A check from Appellee to his mother was admitted into evidence and contained in the memo section: “Payoff for George Salicos debt.” Appellee testified that because Mr. Salicos failed to pay his parents back before, Mr. Salicos permitted Appellee to write the check directly to Appellee’s parents on his behalf.

3 Although Appellee alleges that he paid Mr. Salicos’s debt to Preston Richard

in the sum of $19,000.00, he testified that this total was for the $12,000.00

discussed in the last paragraph of the Loan Agreement plus $7,000.00 that Mr.

Salicos owed his parents for a prior unpaid loan.

Mrs. Salicos testified at trial that she was unaware of her husband’s financial

problems and unaware of any agreements between Mr. Salicos and Appellee until

after Mr. Salicos’s death. On the day of his death, Mrs. Salicos found two undated

notes on his office desk. One note stated, “If you . . . collect from Trevor

[Appellee] it will clear all my debt’s.” That note continued on page 2, “I sold

Cajun Deelite machines Feb 2011 for 125,000.00[.] Trevor has paid $74,400[.]

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