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LEIGH FURNITURE AND CARPET CO. v. ISOM

No. 17264.

657 P.2d 293 (1982)

LEIGH FURNITURE AND CARPET COMPANY, Plaintiff, Appellant, and Cross-Respondent, v. T. Richard ISOM dba Richard's Fine Furnishings, Defendant, Respondent, and Cross-Appellant.

Supreme Court of Utah.

December 10, 1982.

Attorney(s) appearing for the Case

Gary R. Howe, W. Clark Burt, Salt Lake City, for Leigh Furniture and Carpet Co.

Arthur H. Nielsen, Clark R. Nielsen, Salt Lake City, for Isom.

OAKS, Justice:

In 1970, Leigh Furniture and Carpet Co., a corporation, sold a furniture business in St. George to T. Richard Isom on a contract specifying a $20,000 down payment for immediate possession, with the balance of $60,000 at $500 per month plus interest for ten years.

In 1975, when the contract balance was $27,000, Leigh Furniture (hereafter "the Leigh Corporation") brought this action against Isom to repossess the business, terminate his interest...

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