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FIRST ARKANSAS LEASING CORP. v. MUNSON

No. 84-4.

668 S.W.2d 543 (1984)

282 Ark. 359

FIRST ARKANSAS LEASING CORPORATION, Petitioner, v. The Honorable Lee A. MUNSON, Pulaski County Chancellor, Respondent.

Supreme Court of Arkansas.

May 7, 1984.

Attorney(s) appearing for the Case

Wright, Lindsey & Jennings, Little Rock, for petitioner.

Steve Clark, Atty. Gen. by Kay J. Jackson Demailly, Asst. Atty. Gen., Little Rock, for respondent.

HAYS, Justice.

This case comes to us on a petition for writ of prohibition by First Arkansas Leasing Corporation. The respondents, Seth Ward and Seth Ward II, had placed a $4,500 bid on computer equipment owned by FALCO, the sale subject to confirmation by FALCO (a condition the Wards claim was not made known to them). FALCO refused the Wards' offer and reached a tentative agreement to sell the equipment to a third party for $14,800. The Wards filed a complaint in...

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