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    Contracts Keyed to Calamari

    Cantrell-Wiand & Associates, Inc. v. Guillaume Motorsports, Inc.

    Facts

    The Appellee in this matter was Guillaume Motorsports, Inc. (the "Appellee"). On August 1, 1994, the Appellee represented by its president and sole stock-holder Todd Williams ("Mr. Williams") agreed to lease real property to Kenneth and Kay Bower. The lease included an option to buy the property and provided for the Appellant, Cantrell-Wiand & Associates, Inc. (the "Appellant") to receive a commission. The relevant provisions read: "In the event of the exercise of this option within the first twenty-four (24) month period, ten per cent (10%) of the monthly rental payments shall apply to the purchase price. Thereafter, this credit shall reduce two per cent (2%) per year until the expiration of the original lease term hereof, to the effect that the credit will be eight per cent (8%) during the third year, six per cent (6%) during the fourth year, and four per cent (4%) during the fifth year. The sales price shall be $295,000.00. GUILLAUME MOTORSPORTS, INC., agrees [to] pay CANTREL-WAIND & ASSOCIATES, INC., a real estate commission of $15,200.00 upon closing of sale of the property under this Option to Purchase, provided the closing occurs within two (2) years from the date of execution of the Lease with Option to Purchase." Mr. Williams was informed in writing on April 23, 1996 that Kenneth and Kay Bower wished to exercise the option to purchase the property. The Appellee's attorney also received this letter. The closing occurred on August 14, 1996, and the commission was not paid. The Appellant filed a breach of contact suit against the Appellee on August 12, 1996. The Appellee filed a summary judgment motion and argued it was under no affirmative obligation to close prior to August 1, 1996. The trial judge held, "appellee had no obligation to appellant to arrange for a closing date that would have entitled appellant to a commission and said that the real estate commission was 'clearly avoidable' by appellee."

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    Cantrell-Wiand & Associates, Inc. v. Guillaume Motorsports, Inc.