FIRST FED. S & L v. GUMP & AYERS R. ESTATE

No. 880331-CA.

771 P.2d 1096 (1989)

FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF SALT LAKE CITY, Plaintiff and Appellant, v. GUMP & AYERS REAL ESTATE, INC., and Air Terminal Gifts, Inc., Defendants and Respondents.

Court of Appeals of Utah.

Certiorari Granted June 7, 1989.


Attorney(s) appearing for the Case

John W. Lowe, Salt Lake City, for plaintiff and appellant.

Walter P. Faber, Jr., Salt Lake City, for defendants and respondents.

Before DAVIDSON, BILLINGS and GARFF, JJ.


OPINION

BILLINGS, Judge:

First Federal Savings & Loan Association of Salt Lake City ("First Federal") brought suit against Air Terminal Gifts, Inc. ("Air Terminal") on a promissory note executed by Air Terminal and payable to Sunayers Limited Partnership ("Sunayers"). The Air Terminal note had been assigned to First Federal by Gump & Ayers Real Estate, Inc. ("Gump & Ayers"), the general partner of Sunayers...

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