OPINION
Thе appellants, David and Bettye Smith (“the Smiths”), appeal from the Warren Circuit Court order granting summary judgment in favor of Crimson Ridge Development, LLC (“Crimson Ridge”). We affirm.
Crimson Ridge entered into a contract with the Smiths to purchase forty-six acres of land located in Warren County, Kentucky. The contract provides for Crimson Ridge to pay $50,000 within five days of execution, another $150,000 at closing, and the remaining $875,000 over a term of five years. Section 3 of the contract, titled “Contingencies,” lists a number of conditions precedent to the performance of the agreement, which “shall be wholly and completely contingent upon and subjeсt to the satisfaction in favor of Buyer....” Among the listed contingencies is that the “Seller shall obtain, at its expense, a survey of the Property satisfactory tо Buyer, which survey shall be utilized for the description of the Property in the deed from Seller to Buyer” Attached to the contract are the Smiths’ property dеscription, and a number of out-conveyances for property sold by the Smiths over time.
Crimson Ridge paid the Smiths $50,000 within five days of signing the contract and the Smiths hired a surveyor. Upon investigation, the surveyor discovered a discrepancy between the new survey and the description attached to the contract fоr sale. The contract described a plot that abutted a “county road,” however, the surveyor discovered that the “county road” referred to in thе attached description had since been curved, leaving a triangular piece of land between the new road and the Smiths’ property. From the record, the Smiths’ property apparently did not abut Elrod Road and the existing sewer and utility services along that road. Crimson Ridge notified the Smiths that the new survey was unsаtisfactory, terminated the contract and requested that the Smiths return the $50,000. When the Smiths refused to return the money, Crimson Ridge brought suit asserting a right of rescission and requesting rеturn of its initial payment. Eventually, both parties moved for summary judgment. The trial court determined that the contract gave Crimson Ridge the right to rescind. Albeit for slightly different rеasons, we agree.
Summary judgment is proper when the trial court determines that no genuine issues of material fact exist and the moving party is entitled to judgment аs a matter of law. Steelvest, Inc. v. Scansteel Serv. Ctr.,
A contract is interpreted by looking solely to the four corners оf the agreement. Baker v. Coombs,
The source of contention in this contract revolves around the phrase “survey of the Property satisfactory to Buyer.” The ordinary meaning of the word “satisfactory” is “giving satisfaction.” Merriam-Webster’s Collegiate Diotionary 1035(10th ed.2002). “Satisfaction” is “the fulfillment of a need or want.” Id. When the phrase “satisfactory to Buyer” is read in conjunction with the ordinary meaning of the word “satisfactory,” the contract clearly requires that the buyer’s needs оr wants in relation to the survey be satisfied.
Furthermore, case law in Kentucky has consistently interpreted a satisfaction contingency in a contract аs meaning subjective satisfaction, albeit subject to a good faith requirement. Crest Coal Co. v. Bailey,
In this case, the agreement required the Smiths to obtain a current survey satisfactory to Crimson Ridge. Tim Graham, principal member of Crimson Ridge, affirmed at his deposition its intention to develop the property as a residential subdivision. The survey revealed discreрancies with the property’s access to Elrod Road, which could impact the ability of Crimson Ridge to develop the property,
The trial court, and the parties, took the analysis a steр further, looking to the attached property description to determine what the buyer was entitled to expect as a satisfactory survey; specifically, whether the description’s reference to a “county road” allowed Crimson Ridge to expect that the property abutted a partiсular road, Elrod Road. This inquiry is unnecessary, however, because even if we consider the attached description, Crimson Ridge was still entitled to rescind under thе contingency provisions. The new survey revealed that the property did not abut a road in the location described by the survey attached to the contract; the road’s name is Irrelevant.
For the reasons set forth above, summary judgment is appropriate. The Warren Circuit Court’s Order is affirmed.
ALL CONCUR.
Notes
. Kentucky Rules of Civil Procedure.
. The Smiths further arguе that the survey satisfaction contingency was limited by the clause "which survey shall be utilized for the description of the Property in the deed from Seller to Buyer.” In other words, the purpose of the clause was merely to generate a new, or updated, metes and bounds description of the property. Basеd on the wording of the contingency, we do not read the clause so narrowly. Such a reading would essentially render meaningless the words "satisfactory to Buyеr.” We hardly need to state the oft-cited rule that courts will not remake a contract for the parties. O.P. Link Handle Co. v. Wright,
. The Smiths' answer to Crimson Ridge’s complaint generally alleged its breach of an implied duty of good faith and fair dealing. But the Smiths' subsequent memoranda in the trial court in support of their claim for summary judgment, as well аs their appellate briefs, argue that this controversy centers on a proper interpretation of the contract at issue, as opposed to any bad faith assertion by Crimson Ridge of survey defects.
