White v. Hancock Bank

477 So.2d 265 (1985)

Austin W. WHITE

v.

HANCOCK BANK.

No. 55045.

Supreme Court of Mississippi.

September 25, 1985.

Rehearing Denied November 6, 1985.

Thomas E. Vaughn, Alben N. Hopkins, Hopkins, Logan, Vaughn & Anderson, Gulfport, for appellant.

Knox White, John M. Harral, White & Morse, Gulfport, Barkley Clark, Lawrence, Kan., for appellee.

Before PATTERSON, C.J., and PRATHER and ROBERTSON, JJ.

ROBERTSON, Justice, for the Court:

I

This action represents a salvage effort by a Gulf Coast businessman undertaken in the wake of his shipwrecked effort to sell his gasoline distributorship business to a then…