Brown v. Phillips

George Howard, Jr., Judge.

This is an appeal by Robert J. Brown, Trustee in Bankruptcy for International Franchisor’s, Inc. and Paco’s Hacienda, Inc., from orders sustaining demurrers filed by appellees and overruling appellant’s motion for summary judgment in an action against the shareholders of International Franchisor’s, Inc. and Paco’s Hacienda, Inc., to recover $163,348.47.

The essential facts are:

Paco’s Hacienda, Inc. and International Franchisor’s, Inc. are corporations organized under the laws of the State of Arkansas. In fact, Paco is a subsidiary of International.

On January 20, 1973,…