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IN RE KING ENTERPRISES

No. 81-1929.

678 F.2d 73 (1982)

In re KING ENTERPRISES, INC., Debtor. FALCON JET CORPORATION and American Falcon Service, Inc., Appellants, v. KING ENTERPRISES, INC., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 19, 1982.

Attorney(s) appearing for the Case

Joe D. Bell, Friday, Eldredge & Clark, Little Rock, Ark., for appellant, Falcon Jet Corp.

L. Scott Stafford, Little Rock, Ark., for appellee, King Enterprises, Inc.

Before HENLEY, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and McMILLIAN, Circuit Judge.

FLOYD R. GIBSON, Senior Circuit Judge.

King Enterprises, Inc. (King), a construction company, agreed to build an aircraft hangar for Falcon Jet Corporation (Falcon), an airplane manufacturer with facilities in Little Rock, Arkansas. Mr. and Mrs. George King are the sole shareholders in King Enterprises.

In March 1979, King commenced excavation of the hangar site for Falcon. In June, nearly three months later, George King was the first to sign a document entitled...

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