Arloe Designs, LLC, Appellant v. Arkansas Capital Corporation and National Bank of Arkansas, Appellees

Summary

The Supreme Court of Arkansas affirmed summary judgment against Arloe on its breach-of-contract, negligence, and Arkansas Deceptive Trade Practices Act claims. It held that neither appellee objectively assented to a lending contract, no special or fiduciary relationship created a negligence duty, and the ADTPA exemption for regulated entities applied. The court deemed Arloe's challenges concerning promissory-estoppel damages and lost-profit damages moot because the jury found that neither appellee had made a promise to lend money.