Li v. Yaggi

212 Conn. App. 722
CourtConnecticut Appellate Court
DecidedMay 31, 2022
DocketAC43957
StatusPublished
Cited by2 cases

This text of 212 Conn. App. 722 (Li v. Yaggi) is published on Counsel Stack Legal Research, covering Connecticut Appellate Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Li v. Yaggi, 212 Conn. App. 722 (Colo. Ct. App. 2022).

Opinion

*********************************************** The “officially released” date that appears near the be- ginning of each opinion is the date the opinion will be pub- lished in the Connecticut Law Journal or the date it was released as a slip opinion. The operative date for the be- ginning of all time periods for filing postopinion motions and petitions for certification is the “officially released” date appearing in the opinion.

All opinions are subject to modification and technical correction prior to official publication in the Connecticut Reports and Connecticut Appellate Reports. In the event of discrepancies between the advance release version of an opinion and the latest version appearing in the Connecticut Law Journal and subsequently in the Connecticut Reports or Connecticut Appellate Reports, the latest version is to be considered authoritative.

The syllabus and procedural history accompanying the opinion as it appears in the Connecticut Law Journal and bound volumes of official reports are copyrighted by the Secretary of the State, State of Connecticut, and may not be reproduced and distributed without the express written permission of the Commission on Official Legal Publica- tions, Judicial Branch, State of Connecticut. *********************************************** WINSTON Y. LI ET AL. v. VALERIE M. YAGGI, ADMINISTRATOR (ESTATE OF HENRY K. YAGGI III), ET AL. (AC 43957) Cradle, Clark and Norcott, Js.

Syllabus

The plaintiffs, who had entered into an agreement to purchase a parcel of residential property from the defendants, sought, inter alia, the return of certain contractual deposits pursuant to a mortgage contingency clause in the agreement. The mortgage contingency clause provided in relevant part that the plaintiffs’ obligation was contingent on the plain- tiffs obtaining financing. If the plaintiffs were unable to obtain a written mortgage commitment and notified the defendants in writing by 5 p.m. on the mortgage commitment date, the agreement would be null and void and any deposits would be returned to the plaintiffs, otherwise, the agreement would continue in full force and effect. The agreement also contained a liquidated damages clause, which provided that, if the plaintiffs failed to comply with the terms of the agreement by the time set forth for compliance, the defendants would be entitled to the deposit funds. Two days before the expiration of the relevant contingency date, the plaintiffs sent the defendants an e-mail in which they requested an extension of the mortgage commitment and closing dates. They explained that they would not be able to obtain a mortgage commitment by 5 p.m. that day, namely, the date that the e-mail was sent, but that they expected a mortgage commitment from a bank the following week. Although the defendants responded that they would be willing to agree to an extension if the plaintiffs provided certain additional information, that information was never provided. After the mortgage contingency date passed, the plaintiffs made three additional requests proposing amendments to extend the commitment and closing dates, but the parties did not reach an agreement on those requests. The plaintiffs subse- quently requested termination of the agreement and a return of their deposits. After a trial to the court, judgment was rendered in favor of the defendants, from which the plaintiffs appealed to this court. Held that the trial court properly determined that the plaintiffs failed to provide adequate notice to the defendants of their inability to obtain a written mortgage commitment on or before the commitment date, as required pursuant to the parties’ real estate agreement, and they were not entitled to recover their deposits: the plaintiffs’ e-mail requesting an extension, viewed in its entirety, was equivocal with respect to whether the plaintiffs would be able to obtain a written mortgage com- mitment on or before the commitment date, as their notice of an expecta- tion of receiving the commitment from a bank the following week left open the possibility that they might receive a written commitment by the commitment date; moreover, when the defendants declined to sign the proposed amendment attached to the plaintiffs’ e-mail, the plaintiffs did not provide notice on or before the commitment date that they would not be able to obtain a written mortgage commitment by the commitment date or take any other subsequent actions consistent with a termination of the agreement and the right to a return of their deposits, and, as a result, the parties’ agreement remained in effect and the defen- dants were entitled to retain the deposits when the plaintiffs subse- quently failed to close on the property in accordance with the agreement. Argued December 1, 2021—officially released May 31, 2022

Procedural History

Action to recover damages for, inter alia, breach of contract, and for other relief, brought to the Superior Court in the judicial district of New Haven and tried to the court, Hon. Thomas J. Corradino, judge trial ref- eree; judgment for the defendants, from which the plain- tiffs appealed to this court. Affirmed. Winston Y. Li, self-represented, and Liping Wang, self-represented, the appellants (plaintiffs). Philip G. Kent, for the appellees (defendants). Opinion

CLARK, J. This action returns to us after this court’s decision in Li v. Yaggi, 185 Conn. App. 691, 198 A.3d 123 (2018), in which we reversed the judgment of the trial court and remanded the case for a new trial. In the instant appeal, the self-represented plaintiffs, Win- ston Y. Li and Liping Wang, appeal from the judgment of the trial court rendered in favor of the defendant, Valerie M. Yaggi, individually and as administrator of the estate of Henry K. Yaggi III.1 Following a trial to the court, the court concluded that the plaintiffs were not entitled to recover the deposits they made for the purchase of the defendant’s home pursuant to a residen- tial purchase and sale agreement (agreement).2 On appeal, the plaintiffs claim that the court improperly concluded that they (1) failed to exercise due diligence in obtaining a written mortgage commitment, (2) did not provide adequate notice to the defendant that they were unable to obtain a mortgage commitment, and (3) waived any right they might have had to the deposits. We conclude that the court properly determined that the plaintiffs did not provide adequate notice to the defendant that they were unable to obtain a mortgage commitment pursuant to the terms of the agreement.3 Accordingly, we affirm the judgment of the trial court. The following facts and procedural history are rele- vant to this appeal. On October 26, 2012, the parties executed the agreement. The agreement contemplated that the plaintiffs would buy from the defendant a parcel of real property located at 45 Wickford Place in the town of Madison (property) for $810,000. Pursuant to the agreement, the plaintiffs made three separate depos- its totaling $25,000, which were held in escrow by the defendant’s real estate agent, Lorey Walz. The agreement included a mortgage contingency clause, which stated: ‘‘Buyer’s obligation is contingent upon Buyer obtaining financing as specified in this para- graph. Buyer agrees to apply for such financing immedi- ately and diligently pursue a written mortgage commit- ment on or before the Commitment Date. . . . If Buyer is unable to obtain a written commitment and notifies Seller in writing by 5:00 p.m. on said Commitment Date, this Agreement shall be null and void and any Deposits shall be immediately returned to Buyer. Otherwise, the Financing Contingency shall be deemed satisfied and this Agreement shall continue in full force and effect.’’ The commitment date was November 26, 2012.4 The closing was to occur no later than December 3, 2012.

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Bluebook (online)
212 Conn. App. 722, Counsel Stack Legal Research, https://law.counselstack.com/opinion/li-v-yaggi-connappct-2022.