LIGON v. PARR


471 S.W.2d 1 (1971)

Arnold LIGON and Herbert Arnold Ligon, Jr., Appellants, v. George W. PARR, individually, etc., et al., Appellees.

Court of Appeals of Kentucky.

Rehearing Denied October 22, 1971.


Attorney(s) appearing for the Case

Carroll S. Franklin, Franklin & Gordon, Madisonville, for appellants.

John W. Beard, Beard, Rummage & Kamuf, Owensboro, for appellees.


CLAY, Commissioner.

In this suit appellants (hereinafter Ligon, referring to the senior member of the family) sought specific performance of a written option agreement to purchase all the stock of L & B Express, Inc. The Chancellor denied the relief principally on the ground that for want of adequate consideration the contract was lacking in mutuality.

On the trial a great deal of testimony was taken involving various transactions between the parties and...

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