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STEWART v. LUCERO

No. 22683.

918 P.2d 1 (1996)

121 N.M. 722

James L. STEWART and Bette Stewart, Plaintiffs-Counterdefendants-Appellees, v. J. Horace LUCERO and Julie Lucero, Defendants-Counterclaimants-Appellants.

Supreme Court of New Mexico.

May 14, 1996.

Attorney(s) appearing for the Case

Donaldo A. Martinez, Las Vegas, for Appellants.

Stephen D. Bass & Associates, P.A., Stephen D. Bass, Albuquerque, for Appellees.

OPINION

RANSOM, Justice.

1. James and Bette Stewart sued Horace and Julie Lucero for debt owing under a sales agreement whereby the Stewarts transferred a Sears Authorized Catalog Sales Merchant business to the Luceros and another couple. The Luceros counterclaimed with allegations of statutory and regulatory violations concerning disclosure and allegations of fraudulent representations that induced the Luceros to enter into the sales agreement. The trial...

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