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SP Terrace, L.P. v. Meritage Homes of Texas, LLC

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OPINION

In this dispute over an earnest money contract to develop a plat of real estate, the trial court granted summary judgment in favor of Meritage Homes of Texas, LLC (Meritage). Meritage asserts a breach of contract claim against SP Terrace, LP, and Tyee Management, LLC (collectively, SP Terrace); SP Terrace counterclaims for breach of contract against Meritage.

The contract called for SP Terrace to file a subdivision plat by December 31, 2005. SP Terrace concedes that it did not meet this deadline. But it argues that the contract extended the deadline, or alternatively that its compliance was excused. It claims fact issues exist on its affirmative defenses of oral modification, waiver, delay and interference by Meritage, on the amount of attorney’s fees, and on its counterclaim against Meritage. We conclude that SP Terrace raises a fact issue on the issues of waiver and delay, but not as to contract modification or interference. We reverse the trial court’s summary judgment and remand the case for further proceedings.

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