Wells v. Hill

J. Seaborn Holt, Associate Justice.

March 2, 1953 Appellant Wells (Seller) and Appellee Hill (Purchaser) entered into the following “Sales Agreement and Note”: “L. L. Wells does hereby sell and convey to James R. Hill the Dairy Bar store interest he now holds, and known as Jim’s Dairy Bar, located at 3601 Conway Pike, North Little ■ Rock, Arkansas, including all equipment, prepaid insurance, meter deposits and does hereby sublease said property as follows: Total price $5,647.00 to be paid as follows: Down payment of $1,400.00 is hereby acknowledged. Purchaser is to assume 14 monthly payments…