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CARDIAC THORACIC ET AL. v. BOND

No. 91-296.

840 S.W.2d 188 (1992)

310 Ark. 798

CARDIAC THORACIC AND VASCULAR SURGERY, P.A. PROFIT SHARING TRUST and Donald L. Patrick, Appellants/Cross-Appellees, v. Earl BOND and Filmtrust of Arkansas, Inc., Appellees. NATIONAL BANKING CORPORATION a/k/a National Bank of Arkansas, Appellees/Cross-Appellants, v. WORTHEN BANK AND TRUST COMPANY, N.A., Appellee, Herb SUDBURY, Intervenor/Appellant.

Supreme Court of Arkansas.

November 2, 1992.

Attorney(s) appearing for the Case

G. Alan Wooten, J. Randall McGinnis, Fort Smith, for Cardiac Thoracic and Vascular Surgery, P.A. Profit Sharing Trust.

Stuart W. Hankins, Sherry S. Means, No. Little Rock, for National Banking Corp.

Wright, Lindsey & Jennings, Little Rock, for Worthen Bank and Trust Co., N.A.

John E. Pruniski, III, Little Rock, for Earl Bond.

DARRELL D. DOVER, Special Chief Justice.

In August 1988, Earl Bond, apparently a dabbler in land development as well as movie producing, contacted Dr. Donald L. Patrick, a Ft. Smith physician who had invested in some of Bond's movie ventures, relative to a plan Bond had conceived for the development of a 11.62 acre parcel of land in North Little Rock.

Earlier, in May 1988, Bond had entered into a purchase contract...

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