Smith v. MRCC PARTNERSHIP
Supreme Court of Arkansas
1Opinion of the Court
Terry M. Poynter, Special Chief Justice.
Four individuals, the appellees, comprising MRCC Partnership (“MRCC”), owned 641.5 acres of unimproved land in Pulaski County, Arkansas. MRCC granted an option to purchase the land to Real Estate Central Development Corporation (“RECD”), which subsequently exercised its option by purchasing 240 acres of the land. RECD then re-sold numerous separate tracts of the 240 acres to individuals in smaller parcels, including a ten-acre tract to Randy N. Smith and Frankie J. Smith, the appellants.
RECD entered into two contracts with the Smiths, the first on…
2Cases cited17 opinions
- Commercial Credit Plan, Inc. v. ChandlerSupreme Court of Arkansas · 1951
- Hayes v. First National Bank of MemphisSupreme Court of Arkansas · 1974
- Delta School of Commerce, Inc. v. WoodSupreme Court of Arkansas · 1989
- Bratton v. GunnSupreme Court of Arkansas · 1989
- Jones v. JonesSupreme Court of Arkansas · 1957
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3Cited by13 opinions
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