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KERN v. SELLS ENTERPRISES, INC.

No. 80-198.

612 S.W.2d 94 (1981)

Edward J. KERN, Appellant, v. SELLS ENTERPRISES, INC., a Georgia Corporation, Appellee.

Supreme Court of Arkansas.

Rehearing Denied March 23, 1981.

Attorney(s) appearing for the Case

Martin, Vater & Karr by Charles Karr, Fort Smith, for appellant.

Jones, Gilbreath & Jones by Mark A. Moll, Fort Smith, for appellee.

ADKISSON, Chief Justice.

Appellant, Edward Kern, filed suit in the chancery court of Sebastian County alleging that he was induced to enter into a distributorship agreement by the untrue statements and misrepresentations of the appellee. Appellant sought common law equitable rescission, statutory rescission under the Arkansas Securities Act, Ark.Stat. Ann. §§ 67-1235 to -1262 (Repl.1980), or damages under the Arkansas Franchise Practices Act, Ark.Stat.Ann...

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