EUGENE E. MORI v. FORTUNE CAPITAL PARTNERS, INC. ( 2021 )


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  •       Third District Court of Appeal
    State of Florida
    Opinion filed March 10, 2021.
    Not final until disposition of timely filed motion for rehearing.
    ________________
    Nos. 3D19-1194, 3D19-1359
    Lower Tribunal No. 17-22822
    ________________
    Eugene E. Mori,
    Appellant,
    vs.
    Fortune Capital Partners, Inc.,
    Appellee,
    Appeals from the Circuit Court for Miami-Dade County, Reemberto
    Diaz, Judge.
    Piedra & Associates, P.A., and Jorge L. Piedra, for appellant.
    Shutts & Bowen LLP, and Steven M. Ebner, and Julissa Rodriguez,
    and Jamie B. Wasserman, for appellee.
    Before SCALES, LINDSEY, and LOBREE, JJ.
    LINDSEY, J.
    These consolidated appeals stem from a failed real estate transaction
    involving four parcels of land and two separate contracts. The court below
    entered final summary judgment in favor of Appellee Fortune Capital
    Partners, Inc., and ordered Appellant Eugene Mori to specifically perform by
    selling two of the four parcels of land for a reduced price. The court also
    entered an order awarding attorney’s fees and costs in favor of Fortune.1
    Because the trial court erred in ordering specific performance, we reverse
    and remand for further proceedings.
    In May 2017, Mori entered into two contracts to sell four parcels of land
    to Fortune. In June 2017, Fortune notified Mori of title defects with respect
    to two of the four parcels. 2 Fortune then filed the underlying action for
    specific performance and moved for summary judgment. 3 The trial court
    1
    Case 3D19-1194 is an appeal from the order entering final summary
    judgment. Case 3D19-1359 is an appeal from the order on attorney’s fees.
    2
    The primary alleged defect was that Mori only held a 50% interest in a 46-
    acre parcel containing a lake (the “Lake Parcel”). The other 50% of the Lake
    Parcel was held by the estate of Mori’s deceased father. One of the
    contracts was for the purchase of an apartment building on a parcel adjacent
    to the Lake Parcel. However, since the building allegedly encroaches on the
    Lake Parcel, the defect affects both the Lake Parcel and the apartment. Mori
    maintains there are no material title defects.
    3
    Fortune’s Complaint also contains counts for breach of contract damages,
    breach of good faith and fair dealings, and unjust enrichment.
    2
    ultimately granted final summary judgment and ordered that the two parcels
    without the alleged title defects be sold with a reduction in price.
    “The purpose of specific performance is to compel a party to do what
    it agreed to do pursuant to a contract.” Anthony James Dev., Inc. v. Balboa
    St. Beach Club, Inc., 
    875 So. 2d 696
    , 698 (Fla. 4th DCA 2004). Here, the
    remedies available in the event of title defects were limited by the terms of
    both contracts, which specifically provide, in pertinent part, as follows:
    If the defects are not cured within the Curative
    Period, Buyer will have 10 days from receipt of notice
    of Seller’s inability to cure the defects to elect
    whether to terminate this Contract or accept title
    subject to existing defects and close the transaction
    without reduction in purchase price.
    In other words, if any title defects were not cured, Fortune could either (1)
    terminate the contracts or (2) accept title subject to existing defects and close
    the transaction without reduction in purchase price.4
    As the Fourth District explained in Taines v. Berenson, 
    659 So. 2d 1276
    , 1277 (Fla. 4th DCA 1995), a case involving a similar contractual
    provision, the trial court erred in awarding specific performance with an
    abatement in price because the buyer’s remedies “were limited by the terms
    4
    Mori raises several issues on appeal. Because this provision in both
    contracts is dispositive, we do not address the merits of Mori’s other
    arguments.
    3
    of the contract itself . . . . Here, despite having options (1) and (2), as
    indicated above, available to him, [Buyer] exercised neither. He neither
    agreed to accept a deed for title as it existed, nor did he request a refund
    and cancellation of the contract.” The same is true for Fortune. We therefore
    reverse the final judgment ordering specific performance with an abatement
    and remand for further proceedings consistent with this opinion.
    Reversed and remanded. 5
    5
    Because we reverse the final judgment, we also reverse the fee judgment.
    4
    

Document Info

Docket Number: 19-1359

Filed Date: 3/10/2021

Precedential Status: Precedential

Modified Date: 3/10/2021