Thompson v. Broussard
Court of Appeals of Arkansas
1Opinion of the CourtPhillip T. Whiteaker, Judge
| ¶Appellant Lara Thompson appeals the decision of the Garland County Circuit Court awarding appellee Rachel Broussard $7,111 plus attorney’s fees of $2,000. Finding no error, we affirm.
I. Background
Thompson was the owner of Summit Gymnastics, a gymnastics studio. She agreed to sell the business to Broussard. The parties executed a document entitled “Agreement for the Sale and Purchase of Assets and Bill of Sale” in October 2014. Broussard agreed to pay Thompson $48,000 for the business by making installments of $1,500 per month for thirty-six months. Broussard made a down payment of $4,500,…
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