Freeman Holdings of Ark., LLC v. FNBC Bancorp, Inc.

This lawsuit arises out of an online auction to sell certain real property located at 901 South Main Street in Mountain Home, Arkansas. The overarching issue presented in this appeal is whether Freeman Holdings of Arkansas, LLC, and Francis B. Freeman, Jr., (Freeman) formed an enforceable contract with FNBC Bancorp, Inc. (FNBC), to purchase the property. The circuit court found that an enforceable contract existed between the parties and ordered specific performance. We affirm.

I. Background

FNBC sought to sell certain real property located at 901 South Main Street in Mountain Home, Arkansas.…