Panama Timber Co., Inc. v. Barsanti

BARNES, Justice:

The appeal before us today arises out of an action commenced by Panama Timber Company, Inc. (Panama), in which Panama sought rescission of a sales contract and foreclosure of a sales agreement, together with the appointment of a receiver. The action, brought against Ronald Barsanti, was commenced when Barsanti allegedly defaulted by failing to meet an installment payment due under the sales contract. Mr. Barsanti has perfected two separate appeals, one from the trial court’s overruling of the demurrer he filed to Panama’s petition (Supreme Court Case No. 52,683), and the…