BUXTON v. DIVERSIFIED RESOURCES CORP.

No. 79-1404.

634 F.2d 1313 (1980)

John BUXTON et al., Plaintiffs-Appellees, v. DIVERSIFIED RESOURCES CORPORATION, Defendant-Appellant.

United States Court of Appeals, Tenth Circuit.

Decided November 25, 1980.


Attorney(s) appearing for the Case

Larry G. Reed and LeRoy S. Axland of Suitter, Axland & Armstrong, Salt Lake City, Utah, for defendant-appellant.

Richard K. Crandall and Adam M. Duncan, Salt Lake City, Utah, for plaintiffs-appellees.

Before McWILLIAMS, BREITENSTEIN and DOYLE, Circuit Judges.


WILLIAM E. DOYLE, Circuit Judge.

The question presented in this appeal is whether Diversified Resources, the appellant, is liable for a debt in the amount of $20,000 for a loan made by the plaintiff-appellee John Buxton, or whether the action by Buxton is barred by the statute of limitations.

The Essential Facts

The predecessor companies to Diversified were U.S. Silver and Mining Corp., U.S. Copper Corp., and Mojave Uranium Corp. Buxton's...

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