4447 ASSOCIATES v. FIRST SEC. FINANCIAL

No. 930293-CA.

889 P.2d 467 (1995)

4447 ASSOCIATES, a Utah general partnership; and Zions First National Bank, a national banking association; Plaintiffs and Appellant, v. FIRST SECURITY FINANCIAL, a Utah corporation, Defendant and Appellee.

Court of Appeals of Utah.

January 6, 1995.


Attorney(s) appearing for the Case

Jeffrey M. Jones and J. Mark Gibb, Salt Lake City, for appellant.

Craig Carlile and Brent D. Wride, Provo, for appellee.

Before BILLINGS, ORME and WILKINS, JJ.


OPINION

ORME, Presiding Judge:

Plaintiff 4447 Associates appeals the trial court's judgment that defendant First Security Financial, as an account debtor, is not responsible to 4447 Associates under an assignment of the account for security. We affirm in part, reverse in part, and remand.

FACTS

In December 1982, First Security Financial and Capitol Thrift and Loan entered into an asset purchase agreement, whereby First Security purchased...

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