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S & F SUPPLY COMPANY v. HUNTER

No. 12686.

527 P.2d 217 (1974)

S & F SUPPLY COMPANY, a Utah corporation, et al., Plaintiffs and Respondents, Zions First National Bank, a National association, Intervening Plaintiff and Respondent, v. S. Craig HUNTER, Defendant and Appellant.

Supreme Court of Utah.

October 3, 1974.

Attorney(s) appearing for the Case

Walter P. Faber, Jr., of Watkins & Faber, John Taft Benson of Watkins & Faber, Henry E. Heath of Strong & Hanni, Salt Lake City, for defendant and appellant.

Alvin I. Smith, Richard H. Nebeker, Salt Lake City, for Zions Bank.

C. Nelson Day, U.S. Atty., and H. Ralph Klemm, Asst. U.S. Atty., Salt Lake City, for intervening plaintiff and respondent.

CROCKETT, Justice:

The foundation of this case is an action by the plaintiffs against defendant S. Craig Hunter alleging fraud and breach of a contract, by which he agreed to purchase 10,000 shares of stock in Universal Leasing Corporation. Defendant's defenses and a counterclaim included allegations that he was fraudulently induced into entering into the agreement, for which he sought rescission, and avoidance of the obligation. These he asserted both against the...

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