Arvest Bank v. Tci Bentonville, Inc.

PER CURIAM. In this diversity action for judgment on a promissory note, TCI Bentonville, Inc., Transcontinental Realty Investors, Inc., and One Realeo Land Holdings, Inc., appeal from the district court’s 1 order denying their motion to enforce a tentative settlement agreement, and the court’s separate order granting an unopposed motion for summary judgment filed by Arvest Bank. Having carefully reviewed the record and the parties’ arguments on appeal, we agree with the reasons stated by the district court for denying the motion to enforce the tentative settlement agreement. See Coleman v. Regions Bank, 364 Ark. 59, 216 S.W.3d 569, 574 (2005) (first rule of interpretation of contract is to give language employed meaning that parties intended; in construing contract, intention of parties is to be gathered not from particular words and phrases, but from whole context of agreement); Roetzel v. Coleman, 2010 Ark.App. 206,-S.W.3d-(Ark.Ct.App.2010) (determination of whether ambiguity exists is ordinarily question of law for courts to resolve; court may also interpret ambiguous contract as matter of law when ambiguity can be resolved by reference to contract language *105 itself); see also Harrod v. Farmland Mut. Ins. Co., 346 F.3d 1184, 1186 (8th Cir.2003) (appellate court reviews questions of law de novo); Larken, Inc. v. Wray, 189 F.3d 729, 732 (8th Cir.1999) (in diversity case, settlement agreement must be construed according to state law). We also find no basis for reversing the grant of summary judgment. Accordingly, we affirm. See 8th Cir. R. 47B. Footnotes [1] The Honorable Jimm Larry Hendren, Chief Judge, United States District Court for the Western District of Arkansas.