Eva Casas v. Castano Enterprises, LLC D/B/A Cube Investments

CourtCourt of Appeals of Texas
DecidedJanuary 23, 2024
Docket01-20-00326-CV
StatusPublished

This text of Eva Casas v. Castano Enterprises, LLC D/B/A Cube Investments (Eva Casas v. Castano Enterprises, LLC D/B/A Cube Investments) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Eva Casas v. Castano Enterprises, LLC D/B/A Cube Investments, (Tex. Ct. App. 2024).

Opinion

Opinion issued January 23, 2024

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-20-00326-CV ——————————— EVA CASAS, Appellant V. CASTANO ENTERPRISES, LLC D/B/A CUBE INVESTMENTS, Appellee

On Appeal from the 215th District Court Harris County, Texas Trial Court Case No. 2018-70094

MEMORANDUM OPINION

Appellant Eva Casas appeals from the trial court’s order granting summary

judgment in favor of appellee Castano Enterprises, LLC d/b/a Cube Investments

(Cube Investments) in its suit seeking specific performance of two contracts. In eight

issues, Casas contends that the trial court erred because (1) the underlying judgment ordering specific performance is impossible to perform due to the appointment of a

receiver in another case in which Cube Investments was a party; (2) the contracts in

question were not sufficiently clear and specific as required to grant specific

performance; (3) a fact issue exists regarding whether Cube Investments was a

“ready, willing, and able buyer” thereby precluding summary judgment; (4) the court

failed to consider an affidavit submitted with Casas’s second motion for

reconsideration which contravened appellee’s summary judgment affidavit; (5)

specific performance is not available because the contracts were inequitable and

unfair; (6) specific performance is not available because Cube Investments lacked

“clean hands”; (7) the contracts are void because they constitute an illegal securities

transaction in violation of Texas law; and (8) the trial court’s judgment is not a final

judgment.

We affirm the trial court’s judgment.

Background

A. Factual History

Casas owned two adjacent properties located at 1707 and 1709 Gano Street,

in Houston, Harris County, Texas. On December 21, 2017, Casas and Cube

Investments entered into a Joint Venture Agreement (JVA) “for the development

and sale of the land and properties located at LOTS 50 and 51 BLOCK 7, LOTS 48

and 49 BLOCK 7 CASCARA otherwise known as 1709 and 1707 Gano Street,

2 Houston, TX 77009[.]” The JVA set forth, among other terms, the scope and

description of the agreement, each party’s contributions and responsibilities, and the

division of profits. In particular, the JVA stated that Casas was to contribute “the

land” to the joint venture, a portion of which was subject to an existing reverse

mortgage with a principal balance of $125,000.00, and that Cube Investments had

spent $25,000 to do feasibility studies on the land, worked with architects and

engineers, and paid designer fees. The JVA was signed by Casas and Juan Castano

on behalf of Cube Investments.

In March 2018, Casas entered into a sales agreement with Billie Garza, a

realtor at Realm Realty, to list the 1707 Gano Street property for sale. After Garza

listed Casas’s property and a sales contract was in place, she learned of the JVA

between Casas and Cube Investments. In her deposition, Garza testified that she

forwarded a copy of the JVA to her broker, and the broker sent it to Realm Realty’s

attorneys who determined that it was a valid agreement.

With Garza’s assistance, Casas negotiated a release from the JVA and a new

agreement with Cube Investments. Under the terms of the new agreement, Cube

Investments agreed to release any claims it had against Casas for her breach of the

JVA and allow Casas to sell 1707 Gano Street, in exchange for which Casas agreed

to transfer ownership of 1709 Gano Street to Cube Investments and to pay off all

debts, liens, homeowner’s dues, taxes, and other burdens related to it. Garza testified

3 that she advised Casas that she was not a lawyer, she explained the terms of the

negotiated agreement to Casas, and Casas did not appear to have difficulty

understanding the agreement. Garza advised Casas that under the terms of the

negotiated agreement, once 1709 Gano Street was remodeled and sold Casas would

receive $70,000 up front from the sale, and in the event Cube Investments made

$220,000.00 in net profit, Casas would receive any additional amount above

$220,000. Garza told Casas that she believed the terms were “very fair” and that, in

Garza’s opinion, Casas was receiving market value for the two properties. Garza

testified that Casas later conferred with an attorney before she executed the

negotiated agreement and prior to closing on the sale of 1707 Gano Street.

Casas signed the negotiated agreement on July 9, 2018. Casas executed

another agreement dated July 11, 2018, which stated that her son, who was then

living at 1709 Gano Street, would vacate the premises by August 31, 2018.

B. Procedural History

On October 2, 2018, Cube Investments sued Casas alleging that after Casas

closed on the sale of 1707 Gano Street and received the funds from the sale, she

refused to comply with the agreement related to the transfer of 1709 Gano Street to

Cube Investments. Cube Investments asserted claims for breach of contract and

fraudulent inducement against Casas and, in the alternative, it sought specific

4 performance to compel Casas to transfer the 1709 Gano Street property to Cube

Investments.

Casas answered asserting a general denial and counterclaimed that Cube

Investments engaged in an illegal securities transaction in violation of Texas Blue

Sky laws. She further alleged that specific performance is not a remedy available in

in a real estate contract, and that Cube Investments was not entitled to equitable relief

due to unclean hands.

Cube Investments moved for summary judgment (1) seeking a declaratory

ruling that the July 9, 2018 agreement was a valid and enforceable contract and that

Casas breached the contract, and (2) requesting specific performance to compel

Casas to comply with the agreement. Cube Investments attached to its summary

judgment motion excerpts from Garza’s deposition transcript, the JVA, the signed

July 9, 2018 negotiated agreement, and the signed July 11, 2018 agreement stating

that Casas’s son would vacate the premises.

Casas responded to the motion arguing that (1) specific performance may only

be granted when the contract on which it is based is clear and specific; (2) Cube

Investments failed to prove that it was a ready, willing, and able buyer as required

to obtain specific performance and therefore a fact issue existed precluding summary

judgment; (3) the bargain Cube Investments sought to enforce is inequitable and

unfair and thus it was not entitled to equitable relief; (4) Cube Investments lacked

5 clean hands because it attempted to mislead and defraud Casas through its

misrepresentations; and (5) Cube Investments engaged in an illegal securities

transaction which may not be enforced by specific performance.

Cube Investments supplemented its summary judgment motion with the

affidavit of Johnny Hays. Hays attested that based on the floorplan, remodeling

evaluation, and costs submitted by ACAD Design + Build, he was ready, willing,

and able to invest and financially support the remodeling and sales plan for 1709

Gano Street.

Casas amended her summary judgment response. In addition to re-urging her

previous arguments, Casas argued that Hays’s affidavit attached as an exhibit to

Cube Investments’s supplemental summary judgment motion should not be

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Eva Casas v. Castano Enterprises, LLC D/B/A Cube Investments, Counsel Stack Legal Research, https://law.counselstack.com/opinion/eva-casas-v-castano-enterprises-llc-dba-cube-investments-texapp-2024.