Mealy v. Prins

2019 S.D. 57
CourtSouth Dakota Supreme Court
DecidedOctober 9, 2019
Docket28588, 28597
StatusPublished
Cited by3 cases

This text of 2019 S.D. 57 (Mealy v. Prins) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mealy v. Prins, 2019 S.D. 57 (S.D. 2019).

Opinion

#28588, #28597-aff in pt & rev in pt -JMK 2019 S.D. 57

IN THE SUPREME COURT OF THE STATE OF SOUTH DAKOTA

****

LORETTA B. MEALY, Individually and as Personal Representative of the ESTATE OF TERRENCE L. MEALY, and INVESTMENT ENTERPRISES, INC., Plaintiffs and Appellants,

v.

BRUCE PRINS and CORRINE PRINS, and PRAIRIE SKY GUEST & GAME RANCH, LLC, Defendants and Appellees.

**** APPEAL FROM THE CIRCUIT COURT OF THE FIFTH JUDICIAL CIRCUIT ROBERTS COUNTY, SOUTH DAKOTA **** THE HONORABLE JON S. FLEMMER Judge ****

REED RASMUSSEN JULIE DVORAK of Siegel, Barnett and Schutz, LLP Aberdeen, South Dakota Attorneys for plaintiffs and appellants.

LEE SCHOENBECK JOSEPH ERICKSON of Schoenbeck Law, P.C. Watertown, South Dakota

SHAWN M. NICHOLS of Cadwell, Sanford, Deibert & Garry, LLP Sioux Falls, South Dakota Attorneys for defendants and appellees.

**** ARGUED JANUARY 8, 2019 OPINION FILED 10/09/19 #28588, #28597

KERN, Justice

[¶1.] Loretta and Terrence Mealy and their corporation, Investment

Enterprises, Inc., loaned Bruce and Corrine Prins nearly $1.2 million to operate

Prairie Sky Guest & Game Ranch, LLC (collectively the Prins). Fifty-five

promissory notes secured the loans. In 2015, Loretta, the Estate of Terrance Mealy,

and Investment Enterprises, Inc. (collectively the Mealys) sued the Prins for breach

of contract, unjust enrichment, and conversion. The Prins filed a counterclaim for

relief including claims for conversion and unjust enrichment. In August 2015, the

Prins moved for partial summary judgment, arguing that a portion of the Mealys’

claims were barred by the statute of limitations and that the mortgage was

unenforceable. The circuit court granted the Prins summary judgment in part,

dismissing forty-eight of the fifty-five promissory notes as time-barred and

concluding that the related mortgage did not secure a valid debt and was

unenforceable.

[¶2.] The case proceeded to a jury trial. With respect to the seven

promissory notes not barred by the statute of limitations, the jury returned a

verdict for the Mealys on their breach of contract claim and determined the date on

which prejudgment interest should accrue. The jury rejected the Mealys’ claim for

conversion and instead awarded the Prins $135,000 for a portion of their conversion

counterclaim. With respect to the parties competing claims for unjust enrichment,

the jury rendered an advisory verdict for the Mealys, awarding them $135,000. The

circuit court adopted this recommendation and entered a judgment consistent with

the verdicts. The Mealys appeal, alleging several errors for our review. The Prins,

-1- #28588, #28597

by notice of review, challenge the advisory jury’s award to the Mealys on their

unjust enrichment claim. We affirm in part and reverse in part.

Facts and Procedural History

[¶3.] In the late 1990s, the Prins presented a business plan to Terrance

Mealy, an attorney from Iowa, to open a hunting lodge named Prairie Sky Guest

and Game Ranch (Prairie Sky) on the Mealys’ property in Marshall County.

Between 1999 and 2008, the Prins borrowed $1,187,000 from the Mealys, evidenced

by fifty-five promissory notes. 1

[¶4.] On September 21, 2000, the parties signed an open-ended mortgage

pledging the Prins’s property as additional security. The mortgage listed the

Mealys’ business, Investment Enterprises, as the exclusive mortgagee and

enumerated a single debt—a promissory note for $325,000—contained within a

recital clause. The mortgage did not list any other notes, but it did include a broad

future advances clause. The parties executed thirty of the fifty-five notes after

signing the mortgage, none of which involved the sum of $325,000 reflected in the

mortgage’s recital clause. All six notes listing Investment Enterprises as creditor

were executed after the mortgage.

[¶5.] At some point in 2000 or 2001, the Mealys and the Prins began

acquiring buffalo together. Neither party completed a detailed summary of yearly

ownership percentages until after the lawsuit was filed. However, financial

1. The obligee(s) listed on each promissory note varied—a few listed only Terrence Mealy, some listed Terrence and Loretta Mealy, others listed Terrence or Loretta Mealy, and finally, several named the Mealys’ business, Investment Enterprises, Inc.

-2- #28588, #28597

documents and correspondence between Bruce Prins and Terrance Mealy in 2004,

2007 through 2008, and 2009 indicate that during those years, the parties believed

the Mealys owned 71% to 75 % of the herd while the Prins owned the remaining

portion.

[¶6.] In 2008, the Mealys experienced financial difficulty and stopped

loaning money to the Prins. Accordingly, the Prins applied for a loan from Dacotah

Bank in Sisseton, South Dakota. On September 21, 2009, Dacotah Bank, the Prins,

and the Mealys (acting on behalf of Investment Enterprises) signed a subordination

agreement that modified the lien priorities, granting Dacotah Bank’s loan

superiority over Investment Enterprise’s mortgage. The agreement contained a

recital specifically listing a $325,000 promissory note as the debt secured by the

mortgage. It did not mention any of the fifty-five promissory notes.

[¶7.] The Prins failed to make any payments on the promissory notes;

however, the Mealys did not immediately attempt to enforce the debt. In early

2011, Terrence died of cancer. Several years later, on June 2, 2014, Bruce Prins

met with two bankers (Dan Stein and Jonathan Holthe) acting on behalf of the

Mealys to discuss the debt. Both submitted affidavits attesting that during the

meeting, Bruce admitted he owed the Mealys money and promised to pay the debt.

In February 2015, Patrick, the Mealys’ son, and Mark Motz, a Prairie Sky hunting

guide, met with Bruce. Patrick and Motz each executed affidavits stating that

Bruce orally promised to transfer his buffalo, the personal property in the lodge,

and the Prairie Sky name and business to the Mealys as partial payment on the

-3- #28588, #28597

debt. Patrick indicated that they valued these assets at $130,000. No evidence

suggests this transfer occurred.

[¶8.] The Mealys filed a complaint on March 3, 2015, alleging breach of

contract and the conversion of buffalo. They also brought an equitable claim for

unjust enrichment and requested imposition of a constructive trust, accounting, and

injunctive relief. 2 The Mealys did not attempt to foreclose on the mortgage. The

Prins counterclaimed for conversion of personal and business property,

misappropriation of a business opportunity, unjust enrichment, and trademark

infringement. After litigation began, Bruce Prins created a document estimating

his ownership in the buffalo herd from 2000 to 2015. As of 2014, Bruce believed he

owned approximately 64% of the herd while the Mealys owned the remaining 36%.

[¶9.] In August 2015, the Prins moved for partial summary judgment,

asserting that many of the promissory notes were time-barred. They also attacked

the mortgage’s validity for failing to secure a debt because it did not list any of the

promissory notes. The circuit court granted their motion in part, finding forty-eight

of the fifty-five promissory notes time-barred by the statute of limitations. The

court also concluded that the mortgage was void and unenforceable. It was

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

Related

Goldenview Ready-Mix, LLC v. Grangaard Construction, Inc.
2025 S.D. 43 (South Dakota Supreme Court, 2025)
J. Clancy, Inc. v. Khan Comfort, LLC
955 N.W.2d 382 (South Dakota Supreme Court, 2021)
Frye-Byington v. Rapid City Medical Center
2021 S.D. 3 (South Dakota Supreme Court, 2021)

Cite This Page — Counsel Stack

Bluebook (online)
2019 S.D. 57, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mealy-v-prins-sd-2019.