Francesco Scotti v. Matthew Mimiaga

CourtSupreme Court of Rhode Island
DecidedOctober 18, 2024
Docket2023-0091-Appeal.
StatusPublished

This text of Francesco Scotti v. Matthew Mimiaga (Francesco Scotti v. Matthew Mimiaga) is published on Counsel Stack Legal Research, covering Supreme Court of Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Francesco Scotti v. Matthew Mimiaga, (R.I. 2024).

Opinion

Supreme Court

No. 2023-91-Appeal. (PC 21-4667)

Francesco Scotti :

v. :

Matthew Mimiaga. :

NOTICE: This opinion is subject to formal revision before publication in the Rhode Island Reporter. Readers are requested to notify the Opinion Analyst, Supreme Court of Rhode Island, 250 Benefit Street, Providence, Rhode Island 02903, at Telephone (401) 222-3258 or Email opinionanalyst@courts.ri.gov, of any typographical or other formal errors in order that corrections may be made before the opinion is published. Supreme Court

Present: Suttell, C.J., Goldberg, Robinson, Lynch Prata, and Long, JJ.

OPINION

Justice Robinson, for the Court. The plaintiff, Francesco Scotti, appeals

from a March 13, 2023 amended order of the Superior Court, granting the motion

for summary judgment filed by the defendant, Matthew Mimiaga, and ordering Mr.

Scotti to release a notice of lis pendens that had been recorded with respect to a

certain parcel of real property. Mr. Scotti contends that the hearing justice erred in

granting the motion for summary judgment because genuine issues of material fact

remained regarding: (1) whether the option agreement was supported by

consideration; (2) whether Mr. Scotti had properly and in a timely manner exercised

the option to repurchase the property and whether there had been a waiver of certain

deadlines; and (3) whether an essential term of the option agreement had been

modified.

-1- For the reasons set forth in this opinion, we vacate the amended order and the

judgment of the Superior Court.

I

Facts and Travel

This action involves a contract to sell real property located at 300 Benefit

Street in Providence, Rhode Island (the property). We have primarily derived the

facts of this case from the complaint filed by Mr. Scotti seeking specific performance

of an option agreement between him as optionee and Mr. Mimiaga as optionor,

which agreement was part of a somewhat complicated real estate transaction that

was initially consummated in 2015 and then underwent some adjustments in the

ensuing years. Additional facts have been derived from (1) the exhibits attached to

Mr. Mimiaga’s memorandum in support of his motion for summary judgment

(including inter alia Mr. Mimiaga’s deposition) and (2) the affidavit of Mr. Scotti

and the exhibits attached thereto, which were filed in the Superior Court on October

11, 2022. We relate below the salient facts set forth in those several documents.

It is undisputed (1) that, at the time when the parties first began negotiations

for the sale of the property, Mr. Scotti was the owner of the property; and (2) that in

August of 2015 he sold the property to Mr. Mimiaga. In addition, Mr. Scotti has

averred that he “financed the purchase” of the property and that Mr. Mimiaga

executed a promissory note to him in the amount of $870,000 on August 13, 2015,

-2- on which date the property was conveyed to Mr. Mimiaga. Pursuant to the terms of

the promissory note, Mr. Mimiaga agreed to make Mr. Scotti monthly, interest-only

payments of $3,625 from September 1, 2015 until August 1, 2020, on which date the

balance of the principal would be due.

Mr. Scotti alleged in his complaint that, as “part of the same transaction,” Mr.

Mimiaga granted him an option to repurchase the property in five years for $900,000

(the option agreement)—said option to be exercised before July 1, 2020. It was

further Mr. Scotti’s allegation that he notified Mr. Mimiaga in writing—by mailing

a handwritten letter to him on June 1, 2020—that he was exercising his option to

repurchase the property. Mr. Scotti further asserted that, due to issues largely

relating to COVID-19, Mr. Mimiaga several times requested an extension of the

length of time during which he could occupy the property.

During his deposition, Mr. Mimiaga testified that he was personally and

actively involved in negotiations with Mr. Scotti for the purchase of the property,

which negotiations took place at various times between May and August of 2015.

In that deposition, Mr. Mimiaga testified that the transaction was initially structured

as a purchase with Mr. Scotti providing the financing; he also stated that Mr. Scotti

“asked to add an option.” Mr. Mimiaga conceded in his deposition testimony that

Mr. Scotti’s request for an option was made “months before” the actual closing on

the property. He added that he was unsure whether a purchase and sales agreement

-3- was signed before the closing, but he indicated that he had never seen a signed copy

of such an agreement. It was further Mr. Mimiaga’s testimony that the parties agreed

on $900,000 as the purchase price for the property.1

Mr. Mimiaga testified that he never received the June 1, 2020 handwritten

letter from Mr. Scotti. In any event, the record reflects that there was communication

between the parties on or about June 4, 2020. At that time, Mr. Scotti forwarded to

Mr. Mimiaga an e-mail that he had received from the owner of a piece of property

near the Benefit Street property seeking permission to trim some overhanging trees.

In addition to forwarding the e-mail from the neighboring property owner, Mr. Scotti

inquired of Mr. Mimiaga as to what his “plans” were. Mr. Mimiaga replied that

same day, stating that he had been offered a faculty position at UCLA, which he had

accepted; he further indicated that he did not plan to move to Los Angeles until the

end of September of 2020. In the exchange of communications which occurred on

or about June 4, 2020, Mr. Mimiaga also indicated that he wished to remain on the

property until the end of September of that year, while continuing to make the

mortgage payment of $3,625 per month. Mr. Mimiaga further stated that he wanted

1 Mr. Mimiaga testified at his deposition that he made a down payment of $20,000 and that he borrowed $850,000 from Mr. Scotti in connection with “financ[ing] the purchase.” He further acknowledged that he signed a promissory note for $870,000, explaining that he had given Mr. Scotti “an extra $30,000” that was in effect a security deposit. (A later e-mail communication between the parties indicated that Mr. Mimiaga actually paid $30,000 as a down payment on the property in addition to a $20,000 security deposit.) -4- Mr. Scotti to “purchase back” the property from him, and he offered to do “several

walkthroughs” of the property “to ensure that the house is up to [Mr. Scotti’s]

standards.” On June 17, 2020, Mr. Scotti e-mailed Mr. Mimiaga that he was “game

for having [Mr. Mimiaga] stay on” at the property and that he “would like to get

together to inspect the condition of the property, at a time that is convenient for [Mr.

Mimiaga].”

According to Mr. Mimiaga, he delivered a handwritten letter, dated September

1, 2020, to Mr. Scotti’s office, indicating that he would not be moving to Los

Angeles until October or November of that year. It was Mr. Mimiaga’s testimony

that he wanted an extension of the mortgage and of the due date for payment pursuant

to the promissory note. Mr. Mimiaga also testified that, on September 13, 2020, he

delivered a typewritten letter to Mr. Scotti’s office. In that letter, Mr. Mimiaga stated

that there was a possibility that he would be remaining in Providence “for the

foreseeable future.” He added that, if he did remain in Providence, he wanted to stay

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Roland DeMaio v. Raymond A. Ciccone
59 A.3d 125 (Supreme Court of Rhode Island, 2013)
Sturbridge Home Builders, Inc. v. Downing Seaport, Inc.
890 A.2d 58 (Supreme Court of Rhode Island, 2005)
Estate of Giuliano v. Giuliano
949 A.2d 386 (Supreme Court of Rhode Island, 2008)
Harris v. Turchetta
622 A.2d 487 (Supreme Court of Rhode Island, 1993)
Ryder v. Bank of Hickory Hills
585 N.E.2d 46 (Illinois Supreme Court, 1992)
1800 Smith Street Associates, LP v. Gencarelli
888 A.2d 46 (Supreme Court of Rhode Island, 2005)
Fracassa v. Doris
814 A.2d 357 (Supreme Court of Rhode Island, 2003)
Bourg v. Bristol Boat Co.
705 A.2d 969 (Supreme Court of Rhode Island, 1998)
Larocque v. Rhode Island Joint Reinsurance Ass'n
536 A.2d 529 (Supreme Court of Rhode Island, 1988)
Haydon v. Stamas
900 A.2d 1104 (Supreme Court of Rhode Island, 2006)
Papudesu v. Medical Malpractice Joint Underwriting Ass'n
18 A.3d 495 (Supreme Court of Rhode Island, 2011)
Butler v. Richardson
60 A.2d 718 (Supreme Court of Rhode Island, 1948)
Empire Acquisition Group, LLC v. Atlantic Mortgage Co.
35 A.3d 878 (Supreme Court of Rhode Island, 2012)

Cite This Page — Counsel Stack

Bluebook (online)
Francesco Scotti v. Matthew Mimiaga, Counsel Stack Legal Research, https://law.counselstack.com/opinion/francesco-scotti-v-matthew-mimiaga-ri-2024.