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NATIONAL LUMBER CO. v. ADVANCE DEVELOPMENT

No. 86-202.

732 S.W.2d 840 (1987)

293 Ark. 1

NATIONAL LUMBER COMPANY, Appellant, v. ADVANCE DEVELOPMENT CORP., Vermont Place Properties, et al., Appellees.

Supreme Court of Arkansas.

July 13, 1987.

Attorney(s) appearing for the Case

Thompson, Paddock & Llewellyn by: Richard L. Spearman, Fort Smith, for appellant.

Harper, Young, Smith & Maurras by; Robert Y. Cohen, II, Phillip Taylor, Jones, Gilbreath, Jackson & Moll by: Charles R. Garner, Jr., Fort Smith, Morril Harriman, Van Buren, Gean, Gean & Gean by: Lawrence W. Fitting, Fort Smith, for appellees.

HOLT, Chief Justice.

This appeal concerns a real estate development in Fort Smith known as Vermont Place Properties, the liability of general partners in a limited partnership, and priorities among mortgagees, mechanics and materialmen involved in the project.

Pat McGowan, Val Somers, and Brent Roberson were general partners in Vermont Place, a limited partnership, formed on January 20, 1984, for the purpose of developing a tract of land in Fort Smith by constructing...

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