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# FILED October 2, 1995 Cecil Crowson, Jr. App ellate C ou rt Clerk I N THECOUR

TOFAPPEALSOFTENNES SEE

FI R S TTENNES SEEBANK NATI ONAL ) C / A N O . 03A 01- 9503- C

H - 00102 AS S OC I ATI ON, ) KNOX C OUNTY C

HANC ER Y C OUR T ) Pl a i n tif f

- A

p p e lle e , )

) ) ) ) ) v. ) HONOR ABLES HAR

ON BELL, ) C HANC ELLOR ) ) ) ) ) C. T. R ES OR TSCOM PANY, I NC. , ) C. GAR Y TR I GGSa n d ) J AM ESC. C

HI LDER S , ) ) D e f e nda nt s - A

ppe l l a nt s . )

OPI NI ON ON PETI TI ON TO R EHEAR Fi r s t Te n n e s s ee h a s f i l e da p e t i t i o nf o r r e h ear i n g . Th e p e titio nb a s i c a llya r g u e s tw o p o i n t s : f i r s t, th a t th e undi s put e d m

a t e r i a l f a c t s s how t ha t t he de f e nda nt s di d not t i m e l y a s s e r t t h e i r cl a i m s o f m i s r e p r e s e n t a t i o n , an dh e n ce w a i v e dt h e m

; a nd s e c ond, t ha t w e e r r e d i n c ons t r ui ng t he pa r t i e s ' " Fi r s t M odi f i c a t i on, R

e ne w a l , a nd Ext e ns i on A gr e e m e nt a nd A

ppoi nt m

e nt of Su ccess o r Tr u s t ee. "

O nt h e w

a i v e r i s s u e , w

e b e l i e v e t h e r e ar e di s p u t e s i n t he r e c or d r e ga r di ng t he a l l e ge d m i s r e pr e s e nt a t i ons ; w ha t t he2

de f e nda nt s l e a r ne d; w he n t he y l e a r ne d i t ; w ha t , i f a nyt hi ng, t he y di d w i t h t he i r know

l e dge ; a nd pos s i bl y ot he r f a c t ua l m a t t e r s r e l a t e dto th e a lle g e dm i s r e p r e s e n t a tio n s . W e a r e s till " o nth e p a p e r s " i nt h i s cas e . Th e p a r t i e s h a v e n o t t r i e dt h i s cas e t o t h e t r i e r o f f act . Th e f act s b e f o r e u s o nt h e s u bj ect o f f r a u d a r e s p a r s e . W

e cann o t s a yt h a t t h e f act s b e f o r e u s co n c l u s i v e l y s h o w th a t Fi r s t Te n n e s s e e is e n title dto a ju d g m e n t a s a m

a tte r of l a w on t he ba s i s of w a i ve r of t he m

i s r e pr e s e nt a t i on c l a i m s . R e s ol ut i on of t ha t i s s ue m us t be m

a de by t he t r i a l c our t a f t e r a he a r i ng. W

e r e i t e r a t e t ha t w e e xpr e s s no opi ni on a s t o t he m e r i t s of t he ba nk' s pos i t i on on t he i s s ue of w a i ve r . The i s s ue o f f r a u dan di s s u e s r e l a t e dt o i t ar e r a r e l y s u s cep t i b l e t o r e s ol ut i on by s um m a r y j udgm

e nt . See Lo ngv . St a t e F i r e & C as ual t y C

o . , 510 S . W

. 2d 517, 519 ( Te nn. A pp. 1974) . M a ny of t he i s s ue s t ha t w e r e r a i s e d by t he pl e a di ngs ha ve be e n r e s ol ve d by our or i gi na l opi ni on. S om e i s s ue s r e m

a i n. The f a c t s of t hi s c a s e a s t o t he r e m a i ni ng i s s ue s , i nc l udi ng t he w a i ve r i s s ue , m

us t be f ound by t he t r i e r of f a c t a f t e r he a r i ng a l l of t he a dm

i s s i bl e e vi de nc e ; onl y t he n c a n t hos e i s s ue s be de c i de d. Sum

m a r y j udgm

e nt i s not a s ubs t i t ut e f or a t r i a l of ge nui ne i s s ue s of f a c t s . See B y r dv. H

a l l , 847 S . W

. 2d 208, 210 ( Te nn. 1993) ( " . . . [ s um m a r y j udgm

e nt ] i s c l e a r l y not de s i gne d t o s e r ve a s a s ubs t i t ut e f or t he t r i a l of ge nui ne a nd m a t e r i a l f a c t u a l m

a t t ers . " ) A s t o t he s e c ond i s s ue r a i s e d i n t he pe t i t i on f or r e h ear i n g , w

e b e l i e v e w

e ar e co r r ect i no u r i n t e r p r e t a t i o no f t h e r e l eas e l a n g u a g e i nt h e p a r t i e s ' ag r eem e n t .3 The pe t i t i on f or r e he a r i ng i s he r e by D EN I ED a t t he c os t o f t h e ap p e l l ee.

I TI SS O OR

DER ED. EN TER:

________________________________ C h a r l e s D

. Su s a n o , J r ., J . CONC UR:

_____________________________ H e r s c h e l P . Fr a nk s , J .

_____________________________ D on T. M

c M ur r a y, J .