WESTERN FARM CREDIT BANK v. PRATT

No. 920650-CA.

860 P.2d 376 (1993)

WESTERN FARM CREDIT BANK, successor in interest by merger to Federal Land Bank of Sacramento, Plaintiff and Appellee, v. Gerald N. PRATT; Vera W. Pratt; Jessup W. Van Tassell; Lucile P. Van Tassell; Van Tassell Ranches, Inc., Defendants and Appellants.

Court of Appeals of Utah.

September 8, 1993.


Attorney(s) appearing for the Case

M. Dayle Jeffs (argued), Jeffs & Jeffs, Provo, for appellant.

Paul M. Harman, Jeffrey N. Walker (argued), Jones, Waldo, Holbrook & McDonough, Salt Lake City, for appellees.

Before BENCH, GREENWOOD and RUSSON, JJ.


OPINION

BENCH, Judge:

Appellants (Borrowers) challenge the trial court's order granting summary judgment in favor of Western Farm Credit Bank (the Bank). We reverse and remand.

FACTS

In December 1980, the Bank loaned Borrowers $345,000 and received, in exchange, a promissory note and a mortgage on Borrowers' farm in Duchesne County, Utah. In 1987, Borrowers began negotiations with the Utah Division of Water Resources (the Division) for...

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