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STOKES v. ROBERTS

No. 85-295.

711 S.W.2d 757 (1986)

289 Ark. 319

Larry STOKES and Sylvia Stokes, Appellants, v. Shelton ROBERTS and Rita Roberts, Appellees.

Supreme Court of Arkansas.

June 23, 1986.

Attorney(s) appearing for the Case

Compton, Prewett, Thomas & Hickey by Floyd M. Thomas, Jr., El Dorado, for appellants.

Wynne, Wynne & Wynne by Robin F. Wynne, Fordyce, for appellees.

HAYS, Justice.

Larry and Sylvia Stokes, appellants, entered into an agreement to sell their western store to Shelton and Rita Roberts, appellees, for $45,000. The price covered the inventory, fixtures and equipment, and a registered quarter horse, worth about $2,000. The transaction was closed on June 14, 1982, with one contract for the sale of the store for $26,500 and three bills of sale: 1) $15,000 for fixtures and equipment; 2) $11,500 for the inventory; and 3...

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