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WHITLEY v. IRWIN

No. 5-5490.

465 S.W.2d 906 (1971)

Clifton WHITLEY and Kathryn D. Whitley, Appellants, v. Harold Stanley IRWIN and Iona Jane Irwin, Appellees.

Supreme Court of Arkansas.

April 26, 1971.

Attorney(s) appearing for the Case

Warner, Warner, Ragon & Smith, Ft. Smith, for appellants.

Charles I. Evans, Booneville, for appellees.

FOGLEMAN, Justice.

This case involves the proceeds of a policy of fire insurance for $2,000 issued by Fireman's Insurance Company to appellants Clifton and Kathryn D. Whitley on October 31, 1964. It covered a two-story dwelling house. On March 5, 1966, the Whitleys conveyed the property on which the house was located to appellees Harold Stanley and Iona Jane Irwin. The Irwins agreed to pay the Whitleys $700 cash and to assume a note secured by mortgage payable to...

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