Opinion ID: 2590584
Heading Depth: 1
Heading Rank: 9

Heading: Balance of Funds in Account

Text: Maroun argues the language in Robinson's letter regarding the funds being raised provided a right to $600,000 minus wages and operating expenses. Maroun also asserts evidence was presented to the district court to show money had been raised but not deposited into the account. Wyreless responds by arguing that it never made any representation as to the amount that would be remaining in the account on May 1, 2001. The district court found the language was not ambiguous and held it gave Maroun and Gabelman (incorrectly shown as Gadelman in the letter) the right to funds in the account on May 1, 2001. Although there may be ambiguity as to the amount of money that would be remaining in the account on May 1, 2001, the language providing the right to that amount is not ambiguous. Contrary to Maroun's assertions, the language does not create an absolute right to $600,000. Robinson's representations are hedged and relate to future events. Robinson stated he had a commitment for the money, not that he had the money. In addition, he stated I believe we will be able to raise $350,000, not that he had actually done so. On appeal, Maroun argues there is a genuine issue of material fact as to what happened to the money that was raised. The language of the letter states [t]he funds being raised will be deposited into an account. . . . There is no genuine issue as to whether the funds being raised were ever deposited into the account because the record clearly shows no funds were ever deposited. Maroun's complaint simply asserts an entitlement to the balance of the account on May 1, 2001, and the district court ruled he was entitled to the $716.00 in the account on that date. Maroun's real argument is that Robinson breached the agreement by failing to place whatever money was raised into the specified bank account  but that is not the claim he brought against Wyreless or Robinson. Thus, the district court did not err in awarding Maroun only the money remaining in the account on May 1, 2001.