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  5. 638 S.W.2d 383 (1982)
 

LILES BROS. & SON v. WRIGHT

638 S.W.2d 383 (1982)

LILES BROS. & SON, Plaintiff-Appellee, v. Carl WRIGHT, Defendant-Appellant.

Supreme Court of Tennessee, at Jackson.

September 7, 1982.

Attorney(s) appearing for the Case

Robert F. Swayne, Neal, Swayne & Dorning, Paris, for defendant-appellant.

Thomas H. Rainey, Menzies, Rainey & Kizer, Jackson, for plaintiff-appellee.

OPINION

BROCK, Justice.

The issue in this case is whether the defendant, Carl Wright, is a bona fide purchaser for value.

The case arises from the business activities of Tony Mangum which transpired during the fall of 1977 in western Tennessee and Kentucky. Mangum bought heavy equipment on credit from a number of dealers throughout the area and then resold this equipment to others at substantial discounts. Upon cessation of his activities, he owed...

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