Hipp v. Vernon L. Smith & Associates, Inc.

JOHN B. ROBBINS, Judge.

1 Appellants Kenneth Hipp and Daniel Hipp brought a complaint against appel-lees Vernon L. Smith and Associates, Inc., and Chesapeake Exploration, Limited Partnership, alleging fraudulent inducement and violation of the Arkansas Deceptive Trade Practices Act with respect to mineral leases executed between the parties.1 The primary term of the leases was for five years, with a renewal provision allowing the appellees to extend the leases for an additional five years. In their complaint, the appellants asked the trial court to declare the lease options void and issue…