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WIGGINS v. SEARCY FEDERAL SAVINGS & LOAN ASS'N

No. 5-6023.

486 S.W.2d 900 (1972)

Austin WIGGINS, Jr., d/b/a Wiggins & Company, Appellant, v. SEARCY FEDERAL SAVINGS & LOAN ASSOCIATION, Appellee.

Supreme Court of Arkansas.

Rehearing Denied December 11, 1972.

Attorney(s) appearing for the Case

Dean R. Morley, Little Rock, for appellant.

C. E. Yingling, Jr., Searcy, for appellee.

FOGLEMAN, Justice.

In November 1968 appellant Austin Wiggins, doing business as Wiggins & Company, contracted with Von Ber Mar, Inc., to construct a residence on property owned by the corporation. A construction loan was made by First American National Bank on a note of Von Ber Mar, Inc., endorsed by Wiggins. Permanent financing was obtained through a loan of $22,400 to Von Ber Mar by Searcy Federal Savings & Loan Association made on May 23, 1969, and secured...

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