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TELUM, INC. v. E.F. HUTTON CREDIT CORP.

Nos. 86-1375, 86-1496.

859 F.2d 835 (1988)

TELUM, INC., a Nebraska Corporation, Earl K. Cook and Carl R. King, Plaintiffs-Appellees and Cross-Appellants, v. E.F. HUTTON CREDIT CORPORATION, a corporation, Defendant-Appellant and Cross-Appellee.

United States Court of Appeals, Tenth Circuit.

Rehearing Denied November 25, 1988.

Attorney(s) appearing for the Case

Rex E. Madsen (Reed L. Martineau, Michael R. Carlston and Stephen J. Hill, with him on the brief), Snow, Christensen & Martineau, Salt Lake City, Utah, for plaintiffs-appellees.

Francis M. Wikstrom (T. Patrick Casey, with him on the brief), Parsons, Behle & Latimer, Salt Lake City, Utah, for defendant-appellant.

Before MOORE and BALDOCK, Circuit Judges, and BOHANON, District Judge.

BALDOCK, Circuit Judge.

This is an appeal from a final judgment in favor of plaintiff-appellee Telum, Inc. (Telum) and from an order denying the motion by defendant-appellant E.F. Hutton Credit Corp. (Hutton) for a new trial or a judgment notwithstanding the verdict. Telum brought an action to rescind both the lease of an oil drilling rig and the personal guaranties of Telum's owners, Carl King and Earl Cook, with Hutton...

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