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TALBOT v. JANSEN

No. 87-20.

744 S.W.2d 723 (1988)

294 Ark. 537

Madeline TALBOT and Ben Talbot, Jr., Appellants, v. Thomas JANSEN and Janet Honeycutt, Appellees.

Supreme Court of Arkansas.

February 16, 1988.

Attorney(s) appearing for the Case

John Wesley Hall, Jr., Little Rock, for appellants.

Victor A. Fleming, Wright, Lindsey & Jennings, Little Rock, for appellees.

JAN R. CROMWELL, Special Justice.

This litigation arises from the January 1983 purchase of the corporate stock of "That Little Restaurant" by appellant Ben Talbot, Jr., with money loaned to him by appellant Madeline Talbot. The sellers were John C. Smithers and appellees Thomas Jansen and Janet Honeycutt. In the contract of sale, Smithers represented the liabilities of the restaurant as being $26,104.35, when in fact they were $90,794.95. Ben Talbot, Jr., defaulted...

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