Vishnu S. Soni v. Jeetpal S. Dhaliwal

203 So. 3d 628, 2016 Miss. App. LEXIS 673
CourtCourt of Appeals of Mississippi
DecidedOctober 25, 2016
DocketNO. 2015-CA-01168-COA
StatusPublished
Cited by1 cases

This text of 203 So. 3d 628 (Vishnu S. Soni v. Jeetpal S. Dhaliwal) is published on Counsel Stack Legal Research, covering Court of Appeals of Mississippi primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Vishnu S. Soni v. Jeetpal S. Dhaliwal, 203 So. 3d 628, 2016 Miss. App. LEXIS 673 (Mich. Ct. App. 2016).

Opinion

JAMES, J.,

FOR THE COURT:

¶1. This appeal arises from a civil suit filed by Vishnu Soni against Anil Patel, Jeetpal Dhaliwal, and Kanwarjit Singh. Soni appeals from the Circuit Court of Madison County’s (1) grant of summary judgment as to Dhaliwal and Singh, (2) denial of the motion to reconsider the grant of summary judgment, and (3) grant of Patel’s motion to dismiss for failure to state a claim. Finding no error, we affirm.

STATEMENT OF FACTS

¶2. On May 10, 2012, Soni met Patel. Soni told Patel that he was interested in buying a local convenience store. Patel knew that Dhaliwal was interested in sell *631 ing a store that he owned at 1428 West Peace Street, Canton, Mississippi (the “Store”). Accordingly, Patel called Dhali-wal and arranged.a meeting between Dhal-iwal and Soni at the Store. At the time, Soni owned a convenience store in Nashville, Tennessee.

¶3. Patel introduced Soni to Dhaliwal, describing Dhaliwal as “a good guy” who “never lie[s].” Further, Patel allegedly mentioned that “business is good.” At the meeting, Dhaliwal showed Soni a paper that allegedly represented the daily sales figures for one year at the Store. Soni never received a copy of this paper but claimed to have relied on the information contained in the paper in future negotiations with Dhaliwal. Soni also alleged that Dhaliwal told him that the Store was valued at $1,300,000 — a figure Soni stated that he relied on due to the fact that Dhaliwal was “a good guy” who “never lie[s].” ■

¶4. Over the next few months, Soni made several trips to Mississippi, continuing the negotiations to buy the Store. Presumably, some of these negotiations involved Singh, who was a partial owner of the Store. On October 27, 2012, Soni, Dhal-iwal, and Singh signed a sale agreement that purported to sell the Store for $1,160,000. Soni gave a $115,000 deposit. The sale agreement provided for the “rest balance down payment [sic]” of $75,000 to be due before closing on November 18, 2012. The sale agreement also contained the note: “INVENTORY NOT INCLUDED.” While the sale agreement was not notarized, Patel witnessed and signed the sale agreement.

¶5. According to Soni, he acted in reliance on the sale agreement and sold his Tennessee store. On November 9, 2012, Soni and Dhaliwal entered into a “Memorandum of Understanding Regarding Intention to Lease Real Estate,” which provided for a five-year lease of the Store at $6,600 per month due to Dhaliwal. The memorandum to lease also provided for an optional three-year renewal of the term at $6,800 per month and stated that “[a]ny and all prior contracts or agreements between the parties are terminated.” Dhali-wal and Soni 1 signed the memorandum to lease.

¶6. After signing the memorandum to lease, Soni alleged that he casually mentioned the $1,300,000 valuation of the Store to a real-estate agent. The unnamed agent told Soni that the valuation was incorrect. Soni then procured an approximate verbal valuation of the Store as between $700,000 and $850,000 from an unnamed source.

¶7. The next day, November 15, 2012, Soni met with Patel and Dhaliwal and demanded that they refund his deposit on the sale agreement. Patel and Dhaliwal informed him that the deposit could not be refunded as it had already been spent. Soni alleges that Patel told Soni that he could buy the Store for $1,160,000 or lease the Store instead. At the end of this discussion, Soni signed two documents: (1) a lease (the “2012 lease”) and (2) a bill of sale.

¶8.11⅛ 2012 lease provided for a sixty-month term with an optional renewal clause exercisable by the lessee. Additionally, the 2012 lease had a detailed “[die-fault” clause that provided that, upon default, the lessor could “enter into said *632 premises, and again have and repossess the same as if this Lease had not been made.” Soni, Dhaliwal, and Singh all signed the 2012 lease before a notary.

¶9. The bill of sale stated that Dhaliwal and Singh sold personal property such as “inventory, goods, wares, and merchandise” for $160,000. Dhaliwal and Singh signed the notarized bill of sale. Soni paid $46,000 and was credited the $116,000 from his deposit on the earlier sale agreement. Swamy LLC received a receipt for $160,000 from Dhaliwal for “inventory, merchandise fuel, 1428 W. Peace Canton.”

¶10. Soni alleges that the 2012 lease was represented to be for a five-year period, with another five-year renewal option. Soni further claimed that he believed, and was led to believe, that the 2012 lease and the bill of sale were owner-financing arrangements in which he was obtaining an ownership interest in the Store.

¶11. After signing the 2012 lease, Soni gave Patel and Dhaliwal an additional $86,000 for inventory. Dhaliwal, Patel, and Soni signed a receipt that confirmed Dhali-wal received $36,000. Soni then took possession of the Store.

¶12. On June 26, 2013, Soni, Dhaliwal, and Singh signed a notarized agreement that resolved an inventory dispute at the Store. The agreement stated:

Mr. Vishnu S. Soni have [sic] no legal claims against Mr. Jeetpal S. Dhaliwal [and] Mr. Kanwarjit Singh on term of lease [and] Mr. Vishnu S. Soni agree on all terms [and] conditions of lease as further on [sic]. Till end of lease Mr. Vishnu Soni agree [sic] to leave equipment [and] display in good working condition end of lease [sic]. Previous bill of sale is no [sic] null and void[.] [A]ll equipment is leased only.

¶13. On July 17, 2013, Dhaliwal filed for eviction in the Justice Court of Madison County against Swamy LLC. According to the justice-court complaint, Soni owed $11,800 in overdue rent for May, June, and July. The justice court entered an order of eviction, and Soni appealed the judgment to the Circuit Court of Madison County on August 22, 2013.

¶14. On August 27, 2013, Soni was removed from the Store, pursuant to the justice-court order. On the same day, according to Soni, Patel called Soni and arranged a meeting between Dhaliwal and Soni to discuss returning possession of the Store to Soni. When Soni agreed to Dhali-wal’s conditions, Dhaliwal gave him the key to the Store.

¶16. The next day, according to Soni, Patel and Dhaliwal came to the store to have him sign a notarized agreement letter. Soni agreed to withdraw “any and all legal claims against” Dhaliwal and Singh. The agreement further provided that Soni signed with full consent of his attorney and “under no pressure.”

¶16. Later in October 2013, Soni was presented with an additional release and indemnity agreement. The release described the history of the dispute between Dhaliwal, Singh, and Soni and provided that Soni released Dhaliwal “from any further payment, damages, claims, obligations or warranties regarding or relating to the Store.” Soni signed the release before a notary on October 7, 2013. Dhaliwal also signed the release. 2 On the same day, Soni signed an acknowledgment that formally increased the monthly rent due for the Store to $7,700 per month.

*633 ¶17. On November 21, 2013, Dhaliwal sent Soni a notice that he was terminating the month-to-month tenancy.

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

Related

Cite This Page — Counsel Stack

Bluebook (online)
203 So. 3d 628, 2016 Miss. App. LEXIS 673, Counsel Stack Legal Research, https://law.counselstack.com/opinion/vishnu-s-soni-v-jeetpal-s-dhaliwal-missctapp-2016.