MERRIMAN v. SMITH


599 S.W.2d 548 (1979)

Joe Jack MERRIMAN, Plaintiff-Appellant, v. Robert B. SMITH, Jr., Individually, Robert B. Smith, III, Individually, Jerrell H. Parchman, Individually, Billy Jack Goodrich, Individually, C.R. Womack, Individually, C.U. Cochran, Jr., Individually, George A. Smith, Individually, Grady Arnold, W.T. Badgett, R.E. McKenzie, and B.G. Spain, Partners, d/b/a Arnold & Badgett, Griff A. Dodds, H.L. Townsend, Sr., W.A. Whitsett, P.A. Turner, and Orville F. Rush, Defendants-Appellees, and CONTINENTAL BANKERS LIFE INSURANCE COMPANY, Plaintiff-Appellant, v. Robert B. SMITH, Jr., Individually, Robert B. Smith, III, Individually, Jerrell H. Parchman, Individually, Billy Jack Goodrich, Individually, C.R. Womack, Individually, C.U. Cochran, Jr., Individually, George A. Smith, Individually, Grady Arnold, W.T. Badgett, R.E. McKenzie, and B.G. Spain, Partners, d/b/a Arnold & Badgett, Griff R. Dodds, H.L. Townsend, Sr., W.A. Whitsett, P.A. Turner, and Orville F. Rush, Defendants-Appellees.

Court of Appeals of Tennessee, Western Section.

Certiorari Denied May 27, 1980.


Attorney(s) appearing for the Case

William Russell Rice, Jr., Rice & Rice, Jackson, for plaintiffs-appellants.

Sidney W. Spragins, Spragins & Murchison, Jackson, for defendants-appellees, Robert B. Smith, Jr., Robert B. Smith, III, and George A. Smith.

James F. Butler, Goodrick & Butler, Jackson, for defendant-appellee, Billy J. Goodrich.

Jack Manhein, Sr., Jackson, for defendants-appellees, Grady Arnold, W.T. Badgett, R.E. McKenzie and B.G. Spain, d/b/a Arnold & Badgett.

James N. Bryan, Jr., Woods & Woods, A Professional Association, Nashville, and Homer H. Waldrop and David R. Farmer, Waldrop, Hall, Tomlin & Farmer, Jackson, for defendants-appellees, Griff R. Dobbs, P.A. Turner, C.R. Womack, W.A. Whitsett, H.L. Townsend and Orville Rush.

William B. Cain, Cain & Moore, Columbia, for defendant-appellee, Clarence U. Cochran, Jr.

Jerrell H. Parchman, pro se.


Certiorari Denied by Supreme Court May 27, 1980.

OPINION

LEWIS, Judge.

These suits arose from the bankruptcy of Peoples Protective Corporation [hereinafter referred to as PPC] subsequent to a sale by PPC to plaintiff Merriman of Peoples Protective Life Insurance Company [hereinafter referred to as PPLIC], a wholly owned subsidiary of PPC.

Plaintiff Merriman is a Kansas City businessman with past experience in purchasing financially unsound...

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