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DOWNTOWNER CORP. v. COMMONWEALTH SECURITIES CORP.

No. 5-4257.

419 S.W.2d 126 (1967)

243 Ark. 122

The DOWNTOWNER CORPORATION, Appellant, v. COMMONWEALTH SECURITIES CORPORATION, Appellee.

Supreme Court of Arkansas.

October 2, 1967.

Attorney(s) appearing for the Case

Reinberger, Eilbott, Smith & Staten, Pine Bluff, for appellant.

Coleman, Gantt, Ramsay & Cox, Pine Bluff, for appellee.

BROWN, Justice.

Appellant, The Downtowner Corporation, based at Memphis, Tennessee, brought this suit to recover on an alleged implied contract existing between Downtowner and appellee, Commonwealth Securities Corporation, of Pine Bluff. Whether or not an implied contract in fact was created between the parties is the determining issue before us.

In 1962 Downtowner entered into a licensing agreement with Franklin D. Keith and Robert C. Lowther. That agreement...

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