Nadine Ivy Phillips v. Betty Jean Ivy, Individually and as Independent of the Estate of James Bradford Ivy

CourtCourt of Appeals of Texas
DecidedSeptember 29, 2004
Docket10-02-00266-CV
StatusPublished

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Nadine Ivy Phillips v. Betty Jean Ivy, Individually and as Independent of the Estate of James Bradford Ivy, (Tex. Ct. App. 2004).

Opinion

IN THE

TENTH COURT OF APPEALS


No. 10-02-00266-CV

Nadine Ivy Phillips,

                                                                      Appellant

 v.

Betty Jean Ivy, Individually

and as Independent executrix

of the Estate of

James Bradford Ivy, Deceased,

                                                                      Appellees


From the 87th District Court

Freestone County, Texas

Trial Court # 00-349-B & 00-274-B

Dissenting Opinion ON MOTION FOR REHEARING


      Phillips has filed a motion for rehearing asking us to reconsider our affirmance of the trial court’s refusal to award prejudgment interest.  First, I would request a response in order to have the benefit of full briefing on the issue.  Based upon the issue as presented, however, I am inclined to agree that we have erred in relying upon the authority of two Fort Worth cases, one of which was reversed.  See Citizens Nat’l Bank v. Allen Rae Invs., Inc., No. 2-02-095-CV, 2004 Tex. App. LEXIS 6395, at *61-*65 (Tex. App.—Fort Worth July 15, 2004, no pet. h.); Miga v. Jensen, 25 S.W.3d 370, 381 (Tex. App.—Fort Worth 2000), aff’d in part on other grounds & rev’d in part, 96 S.W.3d 207, 217 (Tex. 2002).

      Accordingly, I respectfully dissent to the Court’s denial of the motion for rehearing.

TOM GRAY

Chief Justice

Dissenting opinion on motion for rehearing delivered and filed September 29, 2004

o the great weight and preponderance of the evidence and because he established statutory fraud and damages as a matter of law (two points);

          not entering a judgment for rescission of the contract and an award of the consideration paid under the contract because he established that he was entitled to rescission as a matter of law (two points);

          awarding attorney’s fees to Reata because Reata failed to prove contractual damages and because the court did not render a declaratory judgment in Reata’s favor (two points).


We will affirm the judgment.

I. FACTUAL BACKGROUND

      Powell is the president of Reata and Shield. Reata is a wholly-owned subsidiary of Shield. Pursuant to previous negotiations between Brush and Powell, Powell sent Brush a proposed “Lease Purchase and Development Agreement” on December 4, 1992. Powell sent the proposed agreement on Reata stationery. In the agreement, Reata made the following representations concerning the title of the Vilas property in which Reata was offering to sell Brush a working interest:

Reata has purchased and offers for sale 100% of a 75% net revenue interest available in one (1) leasehold, which is subject to a 50% reversionary or “back-in” working interest after payout. . . .

. . . .

Reata has had title to the drillsite examined by Its Attorney and is satisfied that It owns merchantable title to said drillsite and Participant is free to examine or have his attorney examine this title opinion. However, it is expressly understood and agreed that Reata does not warrant title and any loss that may occur due to failure of title, shall and will be a joint loss by all working interest owners including Reata and such loss will be borne in proportion to each interest owner’s ownership in the project.


Brush accepted the terms and conditions of the agreement and purchased a twenty percent working interest in the Vilas project. He signed a memorandum of acceptance on December 15, 1992, and returned the signed agreement to Reata’s corporate office.

      Powell also sent Brush a separate repurchase guarantee on December 4. In this document, Reata agreed to repurchase Brush’s interest in the Vilas project for the original purchase price, less all net proceeds distributed, if Brush did not recover 100% of his investment within two years. The repurchase guarantee is also printed on Reata stationery.

      The Vilas family signed an Oil, Gas and Mineral Lease in favor of Shield on December 15, 1992. In this lease, the Vilas conveyed to Shield the leasehold estate in which Brush purchased a working interest from Reata and to which Reata had previously represented it had merchantable title.

      Powell mailed regular reports to Brush on Reata stationery advising him on the progress of the Vilas project. Brush testified that these reports were very positive and made him feel very good about his investment in the Vilas well. Brush began receiving his monthly disbursements in May 1993. The checks were issued under the name “Revenue Disbursements” and reflect the address shared by Reata and Shield’s corporate offices. Powell signed the checks. Each check was accompanied by a statement from Shield indicating Brush’s share of operating expenses and the resulting net proceeds.

      In April 1993, Reata offered Brush the opportunity to purchase a share of the mineral estate in 3,000 acres which Reata purportedly had purchased from landowners adjacent to the Vilas’ property. Brush accepted this offer and purchased a twenty percent share in the acreage at some point between April and July. According to a title opinion offered in evidence, Shield holds legal title to this leasehold estate. Reata did not provide Brush a repurchase guarantee for the acreage agreement.

      

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