METROPOLITAN TRUST CO. v. WOLF

No. CA 82-313.

648 S.W.2d 494 (1983)

8 Ark.App. 1

METROPOLITAN TRUST COMPANY, Appellant, v. W.R. WOLF and Fern Wolf, Appellees.

Court of Appeals of Arkansas.

March 23, 1983.


Attorney(s) appearing for the Case

Catlett & Stubblefield by Charlene D. Bilheimer, Little Rock, for appellant.

Milas H. Hale, North Little Rock, for appellees.


MAYFIELD, Chief Judge.

The question in this case is whether appellees W.R. (Ray) Wolf and Fern Wolf have been released by novation from liability on a lease.

On October 28, 1977, the appellant leased Lot 1, Block 1, Hudson Park Addition to the City of Sherwood, Arkansas, to W.R. Wolf for a ten-year period for $24,000.00, payable in monthly installments of $2,000.00 each. By agreement dated August 15, 1980, the lease was assumed by Fern Wolf and by agreement...

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