Shelton v. Kennedy Funding, Inc.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
RILEY, Chief Judge.
This appeal arises out of the sale of an Arkansas cemetery. A jury awarded the cemetery’s seller, Virgil Shelton, $1,675,000 on his breach-of-contract and fraud claims against Kennedy Funding, Inc. (KFI). KFI appeals. We affirm in part, reverse in part, and remand for reduction of Shelton’s judgment to $675,000.
I. BACKGROUND
A. Factual Background 2
1. Shelton Sells Rest in Peace to Acklin
In 1967, Shelton established the Rest in Peace Cemetery (Rest in Peace) at Hensley, Arkansas. Rest in Peace was a success. Shelton operated Rest in Peace for nearly a quarter of a century…
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