Steel Surplus, Inc. v. Adobe Capital, LLC and Ryan Greene

CourtCourt of Appeals of Texas
DecidedAugust 15, 2024
Docket01-23-00151-CV
StatusPublished

This text of Steel Surplus, Inc. v. Adobe Capital, LLC and Ryan Greene (Steel Surplus, Inc. v. Adobe Capital, LLC and Ryan Greene) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Steel Surplus, Inc. v. Adobe Capital, LLC and Ryan Greene, (Tex. Ct. App. 2024).

Opinion

Opinion issued August 15, 2024

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-23-00151-CV ——————————— STEEL SURPLUS, INC., Appellant V. ADOBE CAPITAL, LLC AND RYAN GREENE, Appellees

On Appeal from the 125th District Court Harris County, Texas Trial Court Case No. 2022-41177

MEMORANDUM OPINION

Appellant, Steel Surplus, Inc. (“Steel Surplus”), challenges the trial court’s

rendition of summary judgment in favor of appellees, Adobe Capital, LLC (“Adobe

Capital”) and Ryan Greene (collectively, “appellees”), in Steel Surplus’s suit against

them for breach of contract and fraud. In three issues, Steel Surplus contends that the trial court erred in granting appellees summary judgment and in refusing to grant

it a continuance.

We affirm.

Background

In its original petition, Steel Surplus alleged that “Adobe Capital [wa]s the

purported owner” of a parcel of property on the Eastex Freeway in Houston, Harris

County, Texas (the “property”) and had “advertised the [p]roperty for sale.” Steel

Surplus “negotiated and agreed upon a price” for the property with Adobe Capital’s

agent, Greene. Under the agreement, Steel Surplus was to pay $100,000 in

nonrefundable earnest money and a sales price of $5 million, with the closing to

occur in sixty days.

Steal Surplus further alleged that a contract was executed consistent with

those terms, and Steel Surplus deposited $100,000 with the title company. But then,

on July 7, 2022, Greene and Adobe Capital “attempted to renegotiate the contract

after it had been accepted.”

Steel Surplus brought a claim against appellees for breach of contract, alleging

that Adobe Capital had “failed to perform its obligations under the contract.” Steel

Surplus sought specific performance and requested that the trial court order Adobe

Capital “to provide clear title and convey the [p]roperty to [Steel Surplus] at the

agreed upon price.” Alternatively, Steel Surplus sought compensatory damages for

2 Adobe Capital’s breach of contract. And it sought to recover its attorney’s fees.1

Steel Surplus also brought a claim against appellees for fraud, and it filed a notice

of lis pendens with its original petition.

Appellees separately answered, generally denying the allegations in Steel

Surplus’s original petition and asserting that Steel Surplus was not entitled to

specific performance and its claims were barred by the statute of frauds.2

Adobe Capital also brought a counterclaim against Steel Surplus, seeking

sanctions against it. According to Adobe Capital, Steel Surplus, in filing its suit and

the lis pendens, had “engaged in a course of conduct” that was “untrue and

harassing” in violation of Texas Civil Practice and Remedies Code section 10.001.3

Specifically, Adobe Capital alleged that Steel Surplus falsely stated that it had a

“valid contract” with Adobe Capital and had falsely represented to the title company

that an earnest money contract had been “signed electronically” by Adobe Capital.

The title company had responded to Steel Surplus that it would not accept the earnest

money contract “because it had not been signed and initialed by both parties.”

Adobe Capital also alleged that the lis pendens sworn to by Steel Surplus’s president,

1 See TEX. CIV. PRAC. & REM. CODE ANN. § 38.001. 2 See TEX. BUS. & COM. CODE ANN. §§ 26.01(a)(1 )–(2), 26.02(b)(4). 3 See TEX. CIV. PRAC. & REM. CODE ANN. § 10.001 (“Signing of Pleadings and Motions”). Adobe Capital also invoked Texas Rule of Civil Procedure 13 as a basis for imposing sanctions on Steel Surplus. See TEX. R. CIV. P. 13.

3 Rogerio “Roger” Gomez, falsely stated that Adobe Capital “signed documents and

an earnest money contract, for the purchase of [the property].” And Adobe Capital

alleged that Steel Surplus was aware of the falsity of its claims, noting that Steel

Surplus had “exchanged text messages with [Greene]” on July 6, 2022—six days

before Steel Surplus filed its suit and the lis pendens—in which Steel Surplus had

stated: “[J]ust forget it we will take it elsewhere” and “we have another piece of

property.” (Internal quotations omitted.)

Additionally, while noting that six weeks had passed since Steel Surplus had

filed its original petition and the lis pendens, Adobe Capital asserted that the lis

pendens was invalid because a copy was not served on Adobe Capital by the

statutory deadline.4 And although Adobe Capital had not yet been served with the

lis pendens, Steel Surplus nevertheless “refuse[d] to remove it from the Harris

County Deed records.”

Adobe Capital attached to its counterclaim a copy of the unsigned earnest

money contract and copies of pertinent email correspondence between the parties

and the title company. It also attached the declaration of its president, Robert

Latimer, Jr. In his declaration, Latimer stated that “[o]n behalf of Adobe [Capital],”

4 See TEX. PROP. CODE ANN. § 12.007(d) (“Not later than the third day after the date a person files a notice for record under this section, the person must serve a copy of the notice on each party to the action who has an interest in the real property affected by the notice.”).

4 he had contacted Greene, the vice president of JLL Houston Industrial Services

(“JLL”), “for assistance in marketing the [p]roperty for lease or sale.” Latimer stated

that “[n]either [Greene] nor JLL had [the] authority from Adobe [Capital] to commit

Adobe [Capital] on any real estate transaction nor to sign any documents on its

behalf,” and neither had “any ownership interest in the [p]roperty or in Adobe

[Capital].”

According to Latimer, “Greene began negotiating with various representatives

of [Steel Surplus] and its affiliates about the property” in early June 2022. At first,

Steel Surplus sought to lease the property, “but eventually, on or about June 27,

2022, Steel Surplus offered to purchase the property for $5,000,000[].” After

informing Adobe Capital about the offer, Greene prepared a proposed earnest money

contract using the form commercial contract provided by the Texas Real Estate

Commission and “forwarded a copy to Steel Surplus.” Latimer also received a copy

of the proposed earnest money contract on or about June 30, 2022, but “[n]either

Adobe [Capital] nor anyone on its behalf signed th[at] contract.” (Emphasis

omitted.)

Latimer recounted that Steel Surplus “made significant, material changes” in

handwriting on its copy of the proposed earnest money contract before returning it

to Greene. Those changes included adding a “specific closing date of November 21,

2022,” changing the type of deed required from a special warranty deed to a general

5 warranty deed, and adding a requirement that Adobe Capital “evict all tenants”

before the proposed closing date. Latimer received a copy of the marked-up

proposed earnest money contract on July 5, 2022, but neither he nor anyone else

acting on behalf of Adobe Capital “accepted [Steel Surplus’s] material changes.”

Absent a signed earnest money contract, Greene “continued to market the

[p]roperty” and quickly received an offer from another potential buyer to purchase

the property for $6 million. According to Latimer, on July 6, 2022, Greene informed

Steel Surplus by email of the new offer, and he invited Steel Surplus to make a

counteroffer. Steel Surplus responded, “[F]orget it we will take it elsewhere,” and

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