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AMERICAN FIRST CR. UN. v. FIRST SEC. BK.

No. 940483-CA.

896 P.2d 25 (1995)

AMERICAN FIRST CREDIT UNION, a Utah corporation, Plaintiff and Appellee, v. FIRST SECURITY BANK OF UTAH, N.A. Defendant, Third-Party Plaintiff, and Appellant, v. RENAISSANCE EXCHANGE, INC., and Don Newsom, individually, Third-Party Defendants.

Court of Appeals of Utah.

May 18, 1995.

Attorney(s) appearing for the Case

Dee R. Chambers and Scott A. Hagen, Salt Lake City, for appellant.

Timothy W. Blackburn and Michael T. Roberts, Ogden, for appellee.

Before Judges BENCH, GARFF, and JACKSON, JJ.

OPINION

JACKSON, Judge:

First Security Bank of Utah (First Security) appeals the trial court's judgment in favor of America First Credit Union (America First) for $99,999, the amount paid by First Security to Renaissance Exchange, Inc. (Renaissance), despite an assignment for security of the amount to America First. We affirm.

FACTS

Between April 1988 and May 1990, Renaissance entered into three loan transactions with America First. As...

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