Brown Broadcast, Inc. v. Pepper Sound Studios, Inc.

Paul-Ward, Justice.

This appeal comes from litigation involving the. sale óf a radio, station (KVEE) located at (Conway. The principal issue concerns what, if any,'liabilities the purchaser assumed.

' The original owners' of the station prior .to 1964 were J. C. Willis, Hugh C. Jones, Harold J. Nichols, and" William E. Cooper (referred to as “Partners”). The purchaser was Brown Broadcast, Inc., appellant. The other party involved is Pepper Sound Studio; Inc., a corporation domiciled in Tennessee at Memphis, referred to as “Pepper”.

On April 13,1964 Partners and Pepper entered into a written…