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MERRYWEATHER v. PENDLETON

No. 6572.

91 Ariz. 334 (1962)

372 P.2d 335

Hubert MERRYWEATHER, Appellant, v. T.T. PENDLETON, J.B. Pendleton, James V. Robins, Baca Float Ranch, Inc., and Valley National Bank of Phoenix, a national banking association, Appellees.

Supreme Court of Arizona. En Banc.

June 14, 1962.

Attorney(s) appearing for the Case

Herbert Mallamo, Phoenix, Nasib, Karam, Nogales, and Lewis, Roca, Scoville, Beauchamp & Linton, Phoenix, for appellant.

Darnell, Holesapple, McFall & Spaid, Tucson, for appellees T.T. Pendleton, J.B. Pendleton, James V. Robins and Baca Float Ranch, Inc.

Gust, Rosenfeld & Divelbess, Phoenix, for appellee Valley Nat. Bank.

Paul LaPrade, Elmer C. Coker, James E. Flynn, Foster G. Mori, Loretta Whitney, Valdemar A. Cordova, Keith A. Haien, Charles N. Walters, Rudolph Mariscal, Langmade & Langmade, Phoenix, Chandler, Tullar, Udall & Richmond, Wolfe, Greer & Knez, Rees, Estes & Browning, Tucson, amici curiae.

BERNSTEIN, Chief Justice (on rehearing).

This is a suit in equity to have an agreement in the form of an absolute sale of stock declared to be an equitable mortgage. The facts concerning this transaction and other circumstances leading up to the agreement are more fully outlined in the previous opinion in this case, 90 Ariz. 219, 367 P.2d 251.

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