STEPHENSON, Senior Justice.
This appeal presents the question whether there exists between the parties to an underlying action at law a binding contract to settle the action.
I
The underlying law action involved the sale of an appraisal business. Robert K. Floyd, Jr., and Richard J. Varney were to purchase the business through Floyd & Varney, L.L.C. (collectively, Floyd and Varney) from Billie A. Golding. When the sale failed to transpire, Floyd...
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