1. Home
  2. Browse Decisions
  3. S.W.2d
  4. 678 S.W.2d
  5. 678 S.W.2d 334 (1984)
 

McDERMOTT v. STRAUSS

No. 84-42.

678 S.W.2d 334 (1984)

283 Ark. 444

Harry E. McDERMOTT, Jr. and Mary Alice McDermott, Appellants, v. Sam STRAUSS, Jr., Trustee; Ralph Cotham, Jr., Trustee; Little Rock Ob-Gyn Pension Trust; Little Rock Ob-Gyn Profit Sharing Trust; and Fred Selz, Trustee, Appellees.

Supreme Court of Arkansas.

Rehearing Denied December 3, 1984.

Attorney(s) appearing for the Case

Moses, McClellan & McDermott by Harry E. McDermott, III, Little Rock, for appellants.

House, Wallace & Jewell, P.A. by Philip E. Dixon, and Smith, Smith & Duke by William David Duke, Little Rock, for appellees.

HOLLINGSWORTH, Justice.

Fred Selz and Floyd Fulkerson organized a joint venture to purchase and resell the 251 acre Clark farm for potential profits of $50,000 a year forever. The Clarks would sell for $414,000 with $120,000 down payment. In the spring of 1974, several parties were contacted about participating in this joint venture and the eventual amounts paid and percentages of ownership are as follows:

Ralph Cotham:       (Trustee for C.W. Abrams,...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
  1. 
                                        
  2. 
                                        
  3. 
                                    

                                

                                

                                    
Let's get started

                                

                                

                                    

                                    Leagle.com
                                    

                                    Welcome to the leading source of independent legal reporting 
                                    

                                        Sign on now to see your case. 
                                        

                                        Or view more than 10 million decisions and orders.
                                        

                                        
    
                                            
  • Updated daily.
    • 
                                            
  • Uncompromising quality.
    • 
                                            
  • Complete, Accurate, Current.
    •

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases