Holland v. Walls

Donald L. Corbin, Judge.

On March 18, 1975, the appellant and appellee entered into a written executory contract by which the appellant agreed to buy and the appellee agreed to sell an existing abstract business known as the Paragould Abstract Company in Greene County, Arkansas. By the terms of the agreement, the appellant was to receive the assets of the business except the accounts receivable, cash on hand or money on deposit as of the close of business on May 16, 1976. The appellant was to pay the appellee the purchase price over a prescribed schedule set forth in the contract.

Prior to the…