Baird v. Pace

OPINION

HATHAWAY, Judge.

This is an appeal by an attorney (Pace), defendant in a legal malpractice action brought by appellees (Baird). In 1980, pursuant to a sales agreement, Baird sold a liquor license to Elmer Carrier and Pamela Maxwell. He received a promissory note from the purchasers, and the parties filed a Statement of Legal and Equitable Interest with the Arizona Department of Liquor Licenses and Control, in accordance with A.R.S. § 4-112(B). Baird’s attorney, Pace, did not file a financing statement with the Secretary of State. In 1981, Carrier entered into a lease agreement with…