Forney v. Forney

672 S.W.2d 490, 1983 Tex. App. LEXIS 4582
CourtCourt of Appeals of Texas
DecidedJune 23, 1983
Docket01-82-0421-CV
StatusPublished
Cited by9 cases

This text of 672 S.W.2d 490 (Forney v. Forney) 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
Forney v. Forney, 672 S.W.2d 490, 1983 Tex. App. LEXIS 4582 (Tex. Ct. App. 1983).

Opinion

OPINION

BASS, Justice.

This is an appeal from an adverse jury verdict on a bill of review and from the granting of a partial summary judgment dismissing appellant’s suit for partition of community property.

The judgment is affirmed.

Appellant and appellee, William H. For-ney, Sr. (“Forney, Sr.”), were married on September 22, 1974, and divorced on November 10, 1978. The divorce decree recited that both parties appeared before the court and requested that the court approve a property settlement agreement (“the PSA”) they had entered into for the division of their community property. The decree further recited that the court found the PSA to be fair and reasonable, and ordered it incorporated into the divorce decree. The court further ordered that appellant’s action against third party cross-respondents in the divorce action, including but not limited to, Bill Forney, Inc., Viking Resources, Inc., and B.J. McCombs, be dismissed with prejudice. Forney, Sr. also entered into a support payment agreement whereby he agreed to pay appellant $15,-000 on October 31, 1978, and $2,000 per month for 121 months, beginning on December 1, 1978.

The PSA recited that it was the “desire of both parties to settle their property rights by mutual agreement and make a voluntary partition of the community estate of their marriage, and to release all claims either party may have at present or may hereafter have against the other, or his or her separate estate.” It was further stipulated that appellant was to be awarded title to property enumerated on Schedule A (which included all personal property, jewelry and clothing in her possession, all cash on hand and on deposit in appellant’s name, and $25,000 cash). Forney, Sr. was to be awarded title to all property enumerated in Schedule B (which included, in pertinent part, all real property of the parties, all stock, securities, and certificates of deposit, “any and all working interests, undivided *492 interests, and any and all interests whatsoever in any and all oil and gas properties,” and any and all property, real and personal, not specifically set aside to appellant in Schedule A).

The PSA stated that for purposes of partitioning the community estate, appellant, by executing the agreement, conveyed to Forney, Sr. all of her undivided interest in and to all the property described in Schedule B, free and clear of any claims she might have other than as specifically contracted and provided for in the PSA, such that the property listed in Schedule B should become Forney, Sr.’s separate property.

Appellant further agreed to release all lis pendens notices filed against property of the parties, and to deliver to Forney, Sr.’s attorneys motions and orders dismissing with prejudice two causes of action instituted against Forney, Sr., and dismissing with prejudice all defendants and third-party defendants named in those causes.

The PSA stipulated that appellant, by executing the agreement, acknowledged that she had reviewed the provisions with her attorneys and that she understood the contents of the agreement. The stipulation included her agreement that she had had sufficient time to conduct her own investigation, that depositions had been taken, an audit had been performed, and her accountants had reviewed the property of the parties, “all of which had been fully and completely explained to [appellant] by her attorneys, to [her] full satisfaction.” The stipulation continued:

[Appellant] acknowledges that it is with her full knowledge and understanding of the property and estate of the parties that she is entering into this agreement and she feels that this is a fair and equitable division of the property ... and is in her best interests. [Appellant] further understands that in executing this Agreement she will not be entitled to any other property or money acquired by Petitioner, and that she has relied solely and completely on her own judgment in executing this Agreement; that she has entered into this Agreement of her own free will and volition and that she has relied upon no representation made by any other party hereto but has entered into such Agreement based solely upon her independent and carefully considered judgment; and that she has had the opportunity to seek the advice of counsel before entering into this Agreement, and that she fully understands that this is a full, complete, and final property settlement agreement.

The PSA contained a paragraph specifically referring to Forney Sr’s, two corporations, Bill Forney, Inc., and Viking Resources Corporation (“Viking”). In the paragraph it was stipulated that by executing the agreement, appellant represented that she understood that Forney, Sr., by the nature of the oil and gas business in which he was engaged, could make or lose large sums of money quickly, and might, at the time the agreement was entered into, be holding real property and leases which might increase or decrease in value very quickly:

By executing this Agreement, [appellant] further represents that the acquisition by [Forney, Sr.], Bill Forney, Inc., and/or Viking Resources Corporation, of substantial wealth ... founded upon property now held by [Forney, Sr.], Bill Forney, Inc., Viking Resources Corporation or anyone else, or founded upon property hereafter acquired by [Forney, Sr.], Bill Forney, Inc., Viking Resources Corporation or anyone else, shall in no way constitute good cause for any attempt by [appellant] to reopen or set aside this Agreement or the decree of divorce ... in this case.

The PSA was signed and approved by both parties to the divorce action, as well as by their attorneys.

A Mutual Release Agreement (“the Release”), also entered into by the parties in conjunction with their execution of the PSA, provided that appellant would release and fully discharge Forney, Sr., and all third-party cross-respondents (including Bill Forney, Inc., and B.J. McCombs) in *493 cause no. 1,139,855, styled In the Matter of the Marriage William H. Forney, Sr., and Susan Parrish Forney, in cause no. 78-38893, styled Susan Parrish Forney v. William H. Forney, Sr., and in cause no. 78-38894, styled Susan Parrish Forney v. William H. Forney, Sr., and in the Matter of the Marriage of Susan Parrish For-ney and William H. Forney, Sr.

It was further stipulated that in consideration of the covenants, releases, and payments under the terms of the PSA, and in consideration of the periodic payments awarded in the divorce action, appellant agreed to release Forney, Sr., Viking, and all third-party defendants and third-party cross-respondents previously designated in the Release, from all obligations of any kind or character which were or could have been asserted by appellant in any of the previously-enumerated causes of action.

The Release contained the stipulation that the parties warranted that they had fully informed themselves as to the terms, contents, conditions, and effect of the Release, and that they were relying solely and completely upon their own informed judgment in executing the Release, having had the opportunity to seek the advice of counsel before entering into it.

Appellant filed her third amended bill of review on September 14,1979, and her first supplemental petition on November 13, 1981.

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Cite This Page — Counsel Stack

Bluebook (online)
672 S.W.2d 490, 1983 Tex. App. LEXIS 4582, Counsel Stack Legal Research, https://law.counselstack.com/opinion/forney-v-forney-texapp-1983.