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FARMERS & MERCH. BANK v. UNIVERSAL C.I.T. CR. CORP.

No. 8635.

6 Utah 2d 413 (1957)

315 P.2d 653

FARMERS AND MERCHANTS BANK, A CORPORATION, PLAINTIFF, RESPONDENT AND CROSS-APPELLANT, v. UNIVERSAL C.I.T. CREDIT CORPORATION, DEFENDANT, APPELLANT AND CROSS-RESPONDENT.

Supreme Court of Utah.

September 17, 1957.

Attorney(s) appearing for the Case

George E. Bridwell, Salt Lake City, for appellant.

Elias L. Hansen, Salt Lake City, J. Rulon Morgan, Provo, for respondent.

COWLEY, District Judge.

This is the second appeal in this case. The facts are set forth in detail in the first decision, Farmers and Merchants Bank v. Universal C.I.T. Credit Corporation, 4 Utah.2d 155, 289 P.2d 1045. Some of the facts will be repeated here and such other facts as are deemed necessary to this decision. In October, 1952, defendant corporation undertook to finance the operation...

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