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ROYAL RESOURCES v. GIBRALTER FIN. CORP.

No. 15817.

603 P.2d 793 (1979)

ROYAL RESOURCES, INC., Plaintiff and Respondent, v. GIBRALTER FINANCIAL CORP., Gibralter Securities Corp., (a wholly owned subsidiary of Gibralter Financial Corp.), Lynn Dixon, and George Perry, Defendants and Appellants.

Supreme Court of Utah.

November 5, 1979.

Attorney(s) appearing for the Case

Richard J. Leedy, Salt Lake City, for defendants and appellants.

Allan J. Moll, Brent H. Cameron, Salt Lake City, for plaintiff and respondent.

HALL, Justice:

Defendant, Lynn Dixon, appeals from a personal judgment against him for monies had and received.

The facts giving rise to this lawsuit are not generally in dispute. The corporate defendants (hereinafter collectively referred to as "Gibralter"), were engaged in the securities trading business and defendant, Lynn Dixon, (hereinafter "Dixon") was the president of Gibralter and acted as its broker, selling stocks using both his own account and customer...

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