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POPE v. JOHN HANCOCK MUT. LIFE INS. CO.

No. CA 12-735.

426 S.W.3d 557 (2013)

2013 Ark. App. 189

Ricky Allen POPE and Christine Shepherd Pope, Appellants v. JOHN HANCOCK MUTUAL LIFE INS. CO., Appellee.

Court of Appeals of Arkansas.

March 13, 2013.

Attorney(s) appearing for the Case

Tapp Law Firm, Hot Springs, by: Tylar C.M. Tapp, III , for appellants.

Friday, Eldredge & Clark, LLP, Little Rock, by: Bruce B. Tidwell , for appellee.

RHONDA K. WOOD, Judge.

John Hancock Mutual Life Insurance Company owns the timber rights to 179 acres in Hot Spring County. Its rights are recorded in a timber deed, which incorporates an underlying agreement of sale. Hancock's rights to the timber were set to expire at the end of 2010. By December 2010, Hancock had yet to cut down any trees, then valued at $750,000. Hancock decided to extend the lease another year as provided in the agreement and deed.

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