Estate of George Salicos v. Trevor Wyatt Richard

Louisiana Court of Appeal·Decided June 9, 2021·No. CA-0021-0048·Unknown

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

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APPEAL FROM THE

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

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CANDYCE G. PERRET

JUDGE

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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

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.

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.

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