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COX CORP. v. DUGGER

No. 15269.

583 P.2d 96 (1978)

COX CORPORATION, a Utah Corporation, Plaintiff and Respondent, v. Jerry DUGGER d/b/a J & D Enterprises, Defendant and Appellant.

Supreme Court of Utah.

August 2, 1978.

Attorney(s) appearing for the Case

David K. Smith, Salt Lake City, for defendant and appellant.

Byron L. Stubbs, Salt Lake City, for plaintiff and respondent.

ELLETT, Chief Justice:

Cox Corporation sued Jerry Dugger for damages because of a claimed breach of an oral contract to lend $50,000. The case was tried to the court which rendered judgment in favor of Cox for $50,000, the total amount of money promised to be loaned.

Cox Corporation claims that it needed $50,000 to exercise an option to purchase realty and by reason of the failure of Dugger to make the funds available, it lost the opportunity to secure valuable...

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