Cook v. Talbert

OPINION

Minor W. Millwee, Justice.

Appellee, B. A. Talbert, brought this action against Cecil McNew to recover money alleged to be due on a contract entered into between them March 24,1947. In the contract sued upon Talbert sold to McNew 99 shares of stock in the Arkansas Lime & Stone Company, a corporation, at $50 per share or a total purchase price of $4,950. Under the terms of the contract McNew agreed to furnish Talbert 3,000 tons of limestone of certain specifications at a net price of $1.65 per ton, that sum to be retained by Talbert until he had been paid the total purchase price of…