Planters Lumber Co. v. Wilson Co.

Lyle Brown, Justice.

Appellee, The Wilson Company, Inc., contends there is no distinction between the case at bar and Sebastian B. & L. Assn. v. Minten, 181 Ark. 700, 27 S. W. 2d 1011 (1930). In Minten the lender disbursed the full amount of the mortgage money. In Minien there was no guarantee placed of record whereby the building and loan association was committed to a stipulated advancement for construction purposes. In both these respects the opposite is true in the case at bar.

We are asked to clarify our opinion with respect to Wilson’s priority for interest. As to Lot 2, Wilson is…