WESTERN STATES T. & L. CO. v. NEW UNIVERSE U. & D. CO.

No. 12347.

489 P.2d 1187 (1971)

26 Utah 2d 371

WESTERN STATES THRIFT & LOAN COMPANY, a Utah corporation, Plaintiff and Respondent, v. NEW UNIVERSE URANIUM & DEVELOPMENT COMPANY et al., Defendants and Appellant.

Supreme Court of Utah.

October 27, 1971.


Attorney(s) appearing for the Case

Warren M. Weggeland, Adam M. Duncan, Salt Lake City, for defendants and appellant.

Robert E. Schoenhals, of Mark & Schoenhals, Salt Lake City, for plaintiff and respondent.


ELLETT, Justice:

This matter involves an action on a $50,000 note tried to the court. The appellant appeals from a judgment for plaintiff. Only two issues were in dispute at trial, viz.: (a) Was there a delivery of the note, and (b) was there any consideration for it? The only point raised in this appeal is a contention that the trial court erred in finding consideration for the note.

Appellant admits that the note being negotiable in form imports a consideration...

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