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ARBOR ACRES FARM, INC. v. BENEDICT

No. 82-139.

642 S.W.2d 893 (1982)

278 Ark. 14

ARBOR ACRES FARM, INC., Appellant, v. Dale Lawrence BENEDICT et ux, Appellees.

Supreme Court of Arkansas.

December 13, 1982.

Attorney(s) appearing for the Case

Cypert & Roy, Springdale, for appellant.

Pearson, Woodruff & Evans, Fayetteville, for appellees.

HOLT, Justice.

This case arises from a land sale transaction in which Arbor Acres sold a parcel containing approximately fifty-four acres to the Benedicts. A loan was obtained and first mortgage granted to American Savings and Loan Association, which is not a party to this case. Arbor Acres took a second mortgage. Later, American Savings and Loan sued for foreclosure in chancery court, naming the Benedicts and Arbor Acres...

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