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HUGHES v. GIBBS

No. 84-47.

669 S.W.2d 451 (1984)

282 Ark. 488

Edward E. HUGHES, Appellant, v. Gary R. GIBBS et al., Appellees.

Supreme Court of Arkansas.

May 21, 1984.

Attorney(s) appearing for the Case

R.J. Brown, P.A., Little Rock, for appellant.

Wright, Lindsey & Jennings, Little Rock, for appellee, Gibbs.

Callahan, Wright, Crow, Bachelor & Lax, Gary M. Lax, Hot Springs, for appellee, Horner.

HOLLINGSWORTH, Justice.

Edward E. Hughes, appellant, was the owner and operator of the Lighthouse and the Fiesta Club, two nightclubs in Hot Springs. In May 1977, Hughes was having severe cash flow problems with the two operations and approached Gary R. Gibbs, an attorney and the appellee, about a $5000 loan. Hughes and Gibbs had been friends for a number of years, and Gibbs had represented Hughes on legal matters. Gibbs refused to consider a loan and referred Hughes...

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