Pecos I, LLC v. Jason S. Meyer

CourtMissouri Court of Appeals
DecidedNovember 8, 2022
DocketED110302
StatusPublished

This text of Pecos I, LLC v. Jason S. Meyer (Pecos I, LLC v. Jason S. Meyer) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pecos I, LLC v. Jason S. Meyer, (Mo. Ct. App. 2022).

Opinion

In the Missouri Court of Appeals Eastern District DIVISION FOUR

PECOS I, LLC, ) No. ED110302 ) Respondent, ) Appeal from the Circuit Court of ) St. Charles County vs. ) ) Honorable Jon A. Cunningham JASON S. MEYER, ) ) Appellant. ) Filed: November 8, 2022

Introduction

Jason S. Meyer (“Appellant”) executed and later restated two promissory notes (“Notes”)

in favor of Pecos I, LLC (“Pecos” or “Respondent”) secured by titles to a 1970 Ford Mustang

and a 1969 Ford Mustang (“Vehicles”). Respondent sued Appellant to collect payments on the

Notes (“Suit on Notes”). In Counts I and II, Respondent demands payment on the Notes. In

Count III, Respondent seeks judicial foreclosure of the Vehicles held as collateral. In Count IV,

Respondent seeks injunctive relief preventing the damage, sale, or other encumbrance of the

Vehicles. Appellant also filed a counterclaim against Respondent for abuse of process in the Suit

on Notes.

Appellant later filed a third-party petition (“Third-Party Petition”) for fraudulent

misrepresentation against Kolb Meyer Bioenergy NMI (“KBNMI”) and Stephen R. Krause (“Third-Party Defendants”). Count I alleges fraudulent misrepresentation by KBNMI. Count II

alleges fraudulent misrepresentation by Krause.

Respondent moved for summary judgment on the Suit on Notes, and Third-Party

Defendants moved for summary judgment on the Third-Party Petition. The trial court granted

summary judgment for Respondent on the Suit on Notes, including Appellant’s counterclaim.

The trial court also granted summary judgment for Third-Party Defendants on the Third-Party

Petition.

Appellant appeals the trial court’s judgment on both the Suit on Notes and the Third-

Party Petition and raises three Points. In Point I, Appellant argues the trial court erred in granting

summary judgment to Respondent in the Suit on Notes on the payment on the Notes because a

dispute of material fact existed as to whether a balance remained due on the underlying Notes, an

element of Respondent’s claim. In Point II, Appellant argues the trial court erred in granting

summary judgment to Respondent in the Suit on Notes on the judicial foreclosure of the Vehicles

because a dispute of material fact existed on Respondent’s claim of default. In Point III,

Appellant argues the trial court erred in granting summary judgment in the Third-Party Petition

on the fraudulent misrepresentation claims against KBNMI and Krause because the Third-Party

Defendants did not negate the element of reliance in Appellant’s claim.

Because evidence cited by Appellant to show the Notes were always intended to be

treated as advances violates the parol evidence rule and because evidence cited by Appellant to

show Respondent accepted Meyer Engineering services as payment for the outstanding principal

owed on the Notes violates the statute of frauds, the trial court did not err in granting summary

judgment on the payment on the Notes in the Suit on Notes. We deny Point I. Because Appellant

defaulted on the Notes, the trial court did not err in granting summary judgment on the judicial

2 foreclosure of the vehicles held as collateral in the Suit on Notes. We deny Point II. Because

Appellant has standing to sue in his individual capacity and a genuine issue of material fact still

remains regarding Appellant’s reliance on alleged misrepresentations made by KBNMI in not

making payments due on the Notes, the trial court erred in granting summary judgment on the

fraudulent misrepresentation claim against KBNMI. We grant in part Point III. Because

Appellant could not rely on Krause’s alleged misrepresentations due to Appellant’s knowledge

of Respondent demanding payment on the Notes in cash before the alleged misrepresentations

occurred, the trial court did not err in granting summary judgment on the fraudulent

misrepresentation claim against Krause. We deny in part Point III.

We affirm in part and reverse in part.

Factual and Procedural Background

Appellant was at all relevant times the president of non-party J.S. Meyer Engineering,

P.C. (“Meyer Engineering”). Respondent is a Missouri limited liability company with its

principal place of business in St. Charles County, Missouri. KBNMI is a Missouri limited

liability company with its principal place of business in St. Charles County. KBNMI is an

affiliate of Respondent. Krause, at all relevant times, served as an agent of Pecos and KBNMI.

Non-party Jeff Kolb, at all relevant times, also served as an agent of Pecos and KBNMI. In 2015,

KBNMI was formed to develop, own and operate a bioenergy plant in Dexter, New Mexico,

converting cow manure into methane gas (“Project”). Meyer Engineering contracted with

KBNMI to provide engineering services for the Project (“Master Services Agreement” or

“MSA”). The Master Services Agreement was effective as of October 19, 2015.

On October 19, 2015, Appellant individually executed a promissory note for $420,000.

On November 19, 2015, Appellant executed a second promissory note for $300,000. Note 1 and

3 Note 2 became due on demand, or, if no demand was made, on May 1, 2016. Note 1 and Note 2

were secured by titles to the Vehicles. Appellant provided the note proceeds to Meyer

Engineering “to pay salaries and health insurance premiums of employees working on the project

and other general operating expenses.”

On May 1, 2016, Appellant executed two restated promissory notes extending the Notes’

due dates to December 1, 2016. In 2016, the principal balance on Note 1 was reduced from

$420,000 to $300,000, reducing the total collective principal balance owed under the terms of the

Notes to $600,000.1

Each Note stated payment of the principal sum due on the notes, plus accrued interest,

was to be made “in lawful money of the United States of America in immediately available funds

. . . .” The Notes specify a failure to make payments when due under the terms and a failure to

comply with or perform under the terms constitutes default. The Notes also include a merger

clause, which states:

ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING THE PAYMENT OF A DEBT, INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT BORROWER AND LENDER FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS BETWEEN BORROWER AND LENDER COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, EXCEPT AS BORROWER AND LENDER MAY LATER AGREE IN WRITING TO MODIFY IT. At the beginning of the Project Meyer Engineering submitted invoices for its services

which were paid by KBNMI. In April 2016, KBNMI stopped paying Meyer Engineering on the

Project. Meyer Engineering continued to provide engineering services on the Project. Appellant

contends this was an arrangement where the engineering services paid off the Notes.

1 It is undisputed the Notes were reduced due to “events not at issue” in this case.

4 On July 12, 2017, Respondent sued Appellant seeking payment on the Notes, judicial

foreclosure, and injunctive relief on the Vehicles. Appellant filed his Answer, affirmative

defenses, and asserted a counterclaim against Respondent for abuse of process. On September

15, 2017, Appellant filed his initial Third-Party Petition for fraudulent misrepresentation against

KBNMI and Krause.2

On May 15, 2019, Respondent moved for summary judgment on the Suit on Notes. On

September 13, 2019, the trial court granted Respondent’s motion for summary judgment on the

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Pecos I, LLC v. Jason S. Meyer, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pecos-i-llc-v-jason-s-meyer-moctapp-2022.