Summary
The Supreme Court of Texas held that a settlement agreement was enforceable as a matter of law because it contained all material terms necessary to enforce the parties’ agreement for the sale of real property. The Court reversed the court of appeals and remanded the case to the trial court for further proceedings concerning breach and affirmative defenses.
Holdings
- A settlement agreement is enforceable as a matter of law when it contains all material terms necessary to enforce the contemplated contract, even if some language suggests that the parties contemplated forming an additional contract in the future. The agreement at issue contained all material terms and was therefore enforceable.
- The case had to be remanded to the trial court because the issues of breach and Baker's Campground's affirmative defenses had not been properly adjudicated.
Questions Presented
- Whether a settlement agreement containing all material terms necessary for enforcement is an enforceable contract as a matter of law even when some language suggests that the parties contemplated executing an additional contract.
- Whether the case should be remanded for adjudication of alleged breach and Baker's affirmative defenses that were not resolved by the trial court.
Disposition
reversed_and_remanded
Cases Cited (4)
- Ski River Dev., Inc. v. McCalla, 167 S.W.3d 121, 128 (Tex. App.—Waco 2005, pet. denied)(followed for procedural background)
- Fort Worth Ind. Sch. Dist. v. City of Fort Worth, 22 S.W.3d 831, 846 (Tex. 2000)(applied)
- Radford v. McNeny, 104 S.W.2d 472, 474-75 (Tex. 1937)(applied)
- T.O. Stanley Boot Co. v. Bank of El Paso, 847 S.W.2d 218, 221 (Tex. 1992)(applied)
Cited In (0)
No citing cases on record yet.
Court Document
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