Opinion ID: 2378315
Heading Depth: 1
Heading Rank: 1

Heading: Kenneth Cain

Text: Cain was the one who discovered this attractive land and who told the other purchasers. He was at the Lago Vista lake resort in March of 1969 when he met and spoke of his interest in acquiring lakefront property with the Lago Vista salesman, T. M. Irvin. Irvin told him that Lago Vista had just acquired a new tract and that lakefront lots would be available. This new tract contained 776 acres and in March there were no improved roads into the area; Cain and Irvin rode in a jeep and walked over the land to inspect it. Cain selected an area of the lake frontage that he desired to purchase and one stake was placed to designate that area. No Surveying had been done within the 776 acres; so Cain and Irvin agreed that when the lot lines were located, an adjustment would be made if necessary to give Cain the lakefrontage he desired. There is no dispute but that the two agreed that the land to be conveyed would extend into the lake and to the old river bed. On March 18, 1969 a contract with the seller was executed by Cain. It consisted of a complete contract for lot 408 which was located in an older section of Lago Vista. The parties also signed a sales deposit receipt which provided under other terms and conditions the following: Buyer herein may transfer equity to stake parcel in new area for 6500 total purchase price lakefront at least 100 × 125. Thereafter Cain received a letter from the seller, confirming the March 18 contract and saying in part: This letter will confirm that you have the option to trade your equity in said lot toward the purchase of a lot on the lakefront as near as possible to the location of a stake with your name thereon. Said lot shall be a minimum of 100 feet by 125 feet with a purchase price of $6,500.00. Lago Vista filed with the County Clerk a subdivision plat of its Country Club Estates, Section Five on July 15, 1969. All of the lots in the area of controversy have the 715 foot contour line as their western boundaries. Prior to the trial of this cause, Cain and his fellow purchasers employed a surveyor to extend the north and south lines of certain lots westwardly toward the lake. By this means they obtained fieldnotes which described lakefrontage matching the area originally desired by each purchaser. These field notes were used by the trial court in its judgment reforming the contracts in accord with the contentions of the purchasers. The contract for Cain was thus reformed to describe lot 776 as shown on the Lago Vista plat but extended on west to the old Colorado River bed.