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GATE CITY FEDERAL S&L v. DALTON

No. 890498-CA.

808 P.2d 1117 (1991)

GATE CITY FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff and Appellant, v. Edward A. DALTON, Jr., John C. Forrester, Jr., Michael C. Johnson, and Daniel W. Marcum, et al., Defendants and Appellees.

Court of Appeals of Utah.

March 26, 1991.

Attorney(s) appearing for the Case

Clark W. Sessions, argued, Roy B. Moore, Kevin Egan Anderson, Clark E. Snelson, Campbell, Maack & Sessions, Salt Lake City, for plaintiff and appellant.

Earl Jay Peck, John K. Mangum, argued, Jay R. Mohlman, Nielsen & Senior, Salt Lake City, for defendants and appellees.

Before GARFF, JACKSON and NEWEY, JJ.

OPINION

GARFF, Judge:

Gate City Federal Savings and Loan Association (Gate City) appeals a summary judgment granted in favor of appellees, Edward A. Dalton, Jr., John C. Forrester, Jr., et al. (Borrowers).

FACTS

In the spring of 1981, Kilburn Vacation-Homeshare, Inc. (Kilburn) and Vaughn Cook, Vaughn Cook & Associates, and/or C.C. International, entered into a venture whereby Cook would build and develop homes at Jeremy Ranch, Utah...

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