H. Frank Faucette and J. Lawrence Schadler v. Grace C. Chantos and A.J. Chantos & Associates, Inc. D/B/A Sarco of Texas

CourtCourt of Appeals of Texas
DecidedSeptember 23, 2010
Docket14-08-00536-CV
StatusPublished

This text of H. Frank Faucette and J. Lawrence Schadler v. Grace C. Chantos and A.J. Chantos & Associates, Inc. D/B/A Sarco of Texas (H. Frank Faucette and J. Lawrence Schadler v. Grace C. Chantos and A.J. Chantos & Associates, Inc. D/B/A Sarco of Texas) 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
H. Frank Faucette and J. Lawrence Schadler v. Grace C. Chantos and A.J. Chantos & Associates, Inc. D/B/A Sarco of Texas, (Tex. Ct. App. 2010).

Opinion

Affirmed and Majority and Concurring and Dissenting Opinions filed September 23, 2010.

In The

Fourteenth Court of Appeals

NO. 14-08-00536-CV

H. Frank Faucette and J. Lawrence Schadler, Appellants/Cross-Appellees

v.

Grace C. Chantos and A.J. Chantos & Associates, Inc. d/b/a Sarco of Texas, Appellees/Cross-Appellants

On Appeal from the 151st District Court

Harris County, Texas

Trial Court Cause No. 2004-25975

MAJORITY OPINION

            This case involves the failed sale of a company to its employees, who instead resigned from the company, formed their own business, and obtained some of the seller’s former lines of business.  The company, A. J. Chantos & Associates, Inc., d/b/a Sarco of Texas (“Sarco”) and its principal shareholder, Grace C. Chantos, sued former employees H. Frank Faucette and J. Lawrence Schadler, alleging breach of contract, tortious interference with contract, and other claims.  Both sides moved for summary judgment on the breach-of-contract claim, and the trial court granted Chantos and Sarco’s motion for partial summary judgment on liability for breach of contract. 

            The case was then tried to a jury on damages for breach of contract and on the tortious-interference claim.  The jury awarded Chantos $192,266.00 in damages for breach of contract.  The jury found both defendants liable for tortious interference and awarded Sarco $201,407.21 in damages.  The trial court granted Faucette and Schadler’s motion for judgment notwithstanding the verdict on the tortious-interference claim, but entered a judgment on the breach-of-contract claim for the amount awarded by the jury, attorney’s fees, pre- and post-judgment interest, and costs.

            On appeal, appellants Faucette and Schadler contend the trial court erred in granting Chantos and Sarco’s motion for partial summary judgment on the breach-of-contract claim and in not granting their motion for summary judgment.  In resolving this issue, we are asked to consider the infrequent circumstance of a grantor of an option suing the holder of the option for allegedly breaching the option’s terms.  The appellants also contend that the evidence at trial was legally and factually insufficient to prove damages for breach of contract.

            On cross-appeal, Chantos and Sarco contend that the trial court erred in granting Faucette and Schadler’s motion for judgment notwithstanding the verdict because Chantos and Sarco presented legally sufficient evidence of each element of tortious interference.

            For the reasons explained below, we affirm.

I

            Grace Chantos and her husband, Andy, formed Sarco of Texas, a representative sales agency for plumbing supplies, in 1979.  In 1983, they incorporated the agency as A.J. Chantos & Associates, Inc., d/b/a Sarco of Texas.  Sarco had contracts with manufacturers in the plumbing, air-conditioning, and heating industry.  It was standard in the industry that the contracts with the manufacturers had thirty-day termination provisions.  Despite the thirty-day cancellation provision, Sarco represented several manufacturers for twenty years or more.  These manufacturers included Elkay, Vanguard, McGuire, and Precision.

            Grace and Andy had two children, Linda and Andrew.  Andrew worked for Sarco until 1993, when he started his own agency, Sarco Central, in New Braunfels.  Linda married Faucette, who worked for Sarco for a few years in the 1980s, returned to Sarco as a salesman in 1994, and remained there until October 7, 2003.  J. Lawrence Schadler worked as a salesman for Sarco from 1994 until October 7, 2003.  The only other sales employee for Sarco was Lane Malmburg, who started with Sarco in 2002.  Malmburg resigned the same day as Faucette and Schadler—October 7, 2003. 

            For many years, Andy Chantos had suffered from a serious illness.  In 2001, he and Grace began to consider retiring and entered into negotiations with Chumley & Associates to sell the agency.  Ultimately, Andy and Grace broke off negotiations with Chumley and offered to sell Sarco to Andrew, Faucette, and Schadler.[1]  Andrew already owned 260 of Sarco’s 1,000 shares, most of which were obtained in 2001 when Sarco acquired Andrew’s company, Sarco Central.  In the spring and summer of 2001, the parties executed the “Sale and Purchase Agreement” containing the option to purchase all the shares of stock in Sarco (the “contract”). 

            The contract provided that, when Faucette, Schadler, and Andrew acquired forty-nine percent of the company, they would have the option to purchase the remainder of the company from Chantos.  The relevant portion of the contract provided:

At such time as Buyers have acquired a total of forty-nine percent (49%) of the authorized and outstanding shares of the Corporation, Buyers shall have the option to purchase the remaining shares, but only in a lump sum wherein Buyers purchase all remaining shares.

* * *

This Agreement shall terminate unless the Sale and Purchase contemplated is completed in its entirety within thirty-two (32) months from the date of execution of the Agreement.

            Andy became gravely ill in late 2001, and after that he and Grace did not actively participate in the operation of Sarco.  Faucette, Schadler, and Linda operated Sarco on a day-to-day basis.  On August 18, 2002, Andy died.  Grace returned to work in May of 2003, and Linda resigned. 

            On July 22, 2003, Faucette, Schadler, Chantos, Andrew, and attorney Brad Walton met to discuss exercising the option.  At the time of the meeting, Faucette owned 118 of Sarco’s 1,000 shares; Schadler owned 116 shares, and Andrew owned 260 shares.  Thus, together they owned 494 shares, or 49.4 percent of the company.[2]  The parties discussed a plan in which Faucette and Schadler were to purchase enough shares from Chantos to bring their ownership to 260 shares each—the same number Andrew already owned.[3]  The company would then purchase the remaining shares.  The parties also discussed having another meeting within sixty days, apparently to finalize the agreement.  But no second meeting occurred, and Faucette and Schadler did not purchase the shares.

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Bluebook (online)
H. Frank Faucette and J. Lawrence Schadler v. Grace C. Chantos and A.J. Chantos & Associates, Inc. D/B/A Sarco of Texas, Counsel Stack Legal Research, https://law.counselstack.com/opinion/h-frank-faucette-and-j-lawrence-schadler-v-grace-c-chantos-and-aj-texapp-2010.