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LESSMAN v. DAWSON

No. CA 84-386.

687 S.W.2d 860 (1985)

14 Ark.App. 285

Howard S. LESSMAN and Clara Lessman, Appellants, v. Ray DAWSON, et al., Appellees.

Court of Appeals of Arkansas, Division II.

April 17, 1985.

Attorney(s) appearing for the Case

Wayne Boyce, Newport, for appellants.

Jimason J. Daggett, Marianna, for appellees.

MAYFIELD, Judge.

The appellees, Ray Dawson and members of his family, are residents of Arkansas who owned a farm in the State of Mississippi. In March of 1982, the appellees sold the farm to a group of investors from Illinois which included Howard Lessman, one of the appellants. Mr. Dawson agreed to take a promissory note from the Illinois group for $600,000 as part of the purchase price, but only after reviewing Mr. Lessman's individual financial statement that assessed...

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