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FIRST SEC. BANK v. AARIAN DEVELOP. CORP.

No. 19610.

738 P.2d 1019 (1987)

FIRST SECURITY BANK OF UTAH, N.A., Plaintiff and Appellant, v. AARIAN DEVELOPMENT CORPORATION, Lewis N. Sylvester, Jr., Thomas W. Seiler, and Barry L. Cowburn, Defendants and Respondents.

Supreme Court of Utah.

April 6, 1987.

Attorney(s) appearing for the Case

Steven H. Gunn, Ray, Quinney & Nebeker, Jeffrey D. Eisenberg, Salt Lake City, for plaintiff and appellant.

Thomas W. Seiler, Provo, for defendants and respondents.

HOWE, Justice:

Plaintiff appeals from an order of the trial court setting aside default judgments which had been entered against three of the defendants and discharging those defendants' obligation under the promissory note sued upon.

On April 16, 1982, defendants Aarian Development Corporation, Lewis N. Sylvester, Jr., Thomas W. Seiler, and Barry L. Cowburn executed and delivered a promissory note to plaintiff First Security Bank in the principal sum of ...

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