Manuel C. Diaz v. Cat Cay Holdings JHR, LLC, Etc.

District Court of Appeal of Florida·Decided August 12, 2026·No. 3D2025-0068·Published

Opinion

Third District Court of Appeal State of Florida

Opinion filed August 12, 2026.

Not final until disposition of timely filed motion for rehearing.

No. 3D25-0068

Lower Tribunal No. 14-2379-CA-01

Manuel C. Diaz,

Appellant,

vs.

Cat Cay Holdings JHR, LLC, etc., Appellee.

An Appeal from the Circuit Court for Miami-Dade County, David C.

Miller, Judge.

Gray | Robinson, P.A., and Jack Roy Reiter, Sydney Feldman D’Angelo and Robert C. Weill; Nicholas B. Bangos, P.A., and Nicholas Basil Bangos (Palm Beach Gardens), for appellant.

MSP Recovery Law Firm, and John Hasan Ruiz, Christine M. Lugo and Janpaul Portal, for appellee.

Before LINDSEY, MILLER and GOODEN, JJ.

GOODEN, J.

Appellant Manuel C. Diaz appeals a final summary judgment entered in favor of Appellee Cat Cay Holdings JHR, LLC on its claim for unjust enrichment. Because we find it was error, we reverse and remand for further proceedings.

I.

Diaz owns Manuel Diaz Farms, a tree business in Miami-Dade County.

In the 1980s and 1990s, Diaz purchased several properties in Cat Cay, Bahamas. He also purchased equity shares in Cat Cay Yacht Club. He eventually became the largest equity shareholder and served as president of the Club’s board of directors. But his relationship with the board soured, leading to his expulsion from membership. As a result, Diaz filed suit against Cat Cay Yacht Club and members of the board of directors for injunctive relief and damages.

While the case was pending in April 2021, Diaz entered into an agreement with John Ruiz. Diaz sold Ruiz his Cat Cay properties, two boat slips, and his equity membership interests. Following the closing, Diaz was obligated to pay $600,000 in commissions to Cat Cay Yacht Club. Ruiz orally agreed to pay the commissions in exchange for Diaz providing $600,000 worth of trees.

The case proceeded to trial. The jury ultimately returned a verdict of more than $35 million for Diaz. Ruiz intervened, asserting he had an interest in the litigation.

The parties eventually settled and the case was dismissed. But, in the settlement agreement, Ruiz did not release Diaz from future claims that he may have against Diaz. This included “any and all claims arising from the $600,000 worth of trees that Diaz contracted with Ruiz to provide . . . .” The settlement agreement did not contain any reference to Diaz paying cash in lieu of trees or what occurs if Diaz defaults.

Even so, Ruiz did not attempt to obtain any trees from Diaz until January 2024—almost three years after the contract was made. At that time, he texted Diaz’s general manager requesting a portion of the trees for a friend, Abelardo Rivera. Diaz believed that there was a two-year time limit on the credit, as this was his general business practice. So he contacted the attorney who had handled the closing to confirm. But the attorney advised that the agreement had never been memorialized in writing. Even so, Diaz agreed to honor the request and provide the trees.

Rivera visited the farm and selected trees. But a site visit to his home revealed that the trees were not suitable for the property. Discussions “started going in circles as to what the Rivera couple wanted, how they

wanted it, [and] when they wanted it.” Diaz asked the attorney to mediate a resolution of the tree credit with both Ruiz and Rivera.

The attorney proposed a solution—Ruiz would use $60,000 of his tree credit for Rivera and would “identify trees to satisfy the remaining $540,000 balance and have those trees removed at his expense.” He advised, “[t]his can be completed in the near future so that [Diaz] can close this chapter and not have to worry about it dragging on any longer.”

Diaz’s general manager reiterated Diaz’s belief that the agreement had expired, but proposed specific types and sizes of 200 trees for Ruiz to pick up within two months, by April 15, 2024. She believed this was “fair and reasonable” since three years had passed. The attorney responded that Ruiz “would be fine with identifying the trees within 6 months and removing them by May 2025.” The general manager offered delivery by May 1, 2024. Neither the attorney nor Ruiz responded. Diaz did not hear anything for several months.

Meanwhile, Ruiz assigned his interests to Cat Cay Holdings. Then, Cat Cay Holdings filed suit against Diaz, asserting claims for breach of contract and unjust enrichment. 1 Diaz answered. Both parties agreed there was a valid and enforceable oral agreement between the parties. But Cat

1 The trial court consolidated the two actions and vacated the initial dismissal.

Cay Holdings contended that Ruiz lent $600,000 to Diaz and Diaz was to pay him with either $600,000 in trees or cash, while Diaz maintained that the agreement was for Ruiz to pay the $600,000 commission in exchange for $600,000 in trees.

In any event, Diaz maintained he was “ready, willing, and able” to provide the trees and continued to demonstrate his willingness throughout the litigation. In August 2024, Diaz communicated his intent to honor the tree credit, but Cat Cay Holdings wanted two years to remove the trees. The following month, Ruiz requested that another individual be permitted to visit the farm and inspect trees. Diaz agreed. The parties discussed dates, but Ruiz never finalized any arrangements.

Instead, Cat Cay Holdings moved for summary judgment. It maintained that the parties entered into a valid contract, Diaz “materially breached” the contract, and Ruiz had been damaged in the amount of $600,000. Alternatively, it argued that Ruiz had conferred a benefit on Diaz, Diaz “accepted the benefit” but “failed to comply with the terms of the Agreement,” and “it would be inequitable for [Diaz] to retain the benefit that was conferred upon him.”

Diaz filed a response and cross-moved for summary judgment. While Diaz again conceded there is a valid oral contract, he maintained the

agreement was for $600,000 in trees only. Pointing to evidence showing his willingness to honor that agreement, he contended there was no material breach. Instead, Ruiz prevented his performance of the contract. Next, Diaz asserted that the unjust enrichment claim fails as a matter of law because there is a valid contract. And, at a minimum, he claimed there were genuine disputes of material fact since he was not seeking to retain the benefits of the agreement as he had repeatedly tried to coordinate the selection of trees.

At the hearing on the motions, the trial court interjected: “you know, guys, it occurs to me that you would never agree on what trees constitute $600,000 . . . .” Significantly, the issue of lack of specificity of essential terms was never raised by either party. Consistently, both sides maintained that they had entered into an enforceable oral contract. 2 Still, the trial court concluded on its own initiative that the agreement lacked sufficiently definite terms to be enforceable—such as “which trees, where, what trees, where delivered, what time.” Diaz objected, reiterating that both parties agreed there is a valid contract. Ultimately, the trial court denied Cat Cay Holdings’

2 In fact, Cat Cay Holdings incorporated into its unjust enrichment count the allegation that the parties had a valid and enforceable oral contract. Cf. Fla. R. Civ. P. 1.110(b)(2). Likewise, in its motion for summary judgment, Cat Cay Holdings stated it was undisputed that the parties had a valid, enforceable agreement and its claim for unjust enrichment hinged on Diaz not complying with that agreement. At no point did it argue that no contract existed.

motion on the breach of contract claim finding disputes of material fact, but granted it on the unjust enrichment claim. It denied Diaz’s motion in its entirety.

The trial court entered final judgment on Cat Cay Holdings’ unjust enrichment claim for $600,000, plus prejudgment interest. The judgment did not reference the claim for breach of contract. This appeal follows.

II.

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Manuel C. Diaz v. Cat Cay Holdings JHR, LLC, Etc., (Fla. Ct. App. 2026).

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