VANDERFORD CO., INC. v. KNUDSON

Nos. 31047, 31163.

165 P.3d 261 (2007)

The VANDERFORD COMPANY, INC., a Nevada corporation; and Primary Residential Mortgage, Inc., a Nevada corporation, fka Vanderford Center, Inc., Plaintiffs-Counterdefendants-Appellants-Cross Respondents, v. Paul KNUDSON, personally and individually, Austin Homes, LLC., a Utah limited liability company, J.R. Development, LLC, a Utah limited liability company, and John Does 1-20, Defendants, and The Pines Townhomes, LLC, an Idaho liability, Defendant-Counterclaimant, and Richard I. Greif and Jody L. Greif, Defendants-Counterclaimants-Respondents-Cross Appellants. and State Farm Fire and Casualty Company, Intervener. Richard I. Greif and Jody Greif, husband and wife; The Pines Townhomes, LLC., an Idaho limited liability company, Cross-Claimants, v. Paul Knudson, personally and individually, Austin Homes, LLC., a Utah limited liability company, J.R. Development, LLC., a Utah limited liability company, CrossDefendants. Paul Knudson, personally and individually, Cross Defendant-Counter Cross Claimant, v. Richard I. Greif, Jody L. Greif, The Pines Townhomes, LLC., an Idaho Limited liability company, Counter-Cross Defendants.

Supreme Court of Idaho, Boise, March 2007 Term.

July 13, 2007.


Attorney(s) appearing for the Case

Brassey, Wetherell, Crawford & McCurdy, LLP, Boise; Parry Anderson & Gardiner, Salt Lake City, Utah, attorneys for appellants Vanderford. Douglas J. Parry argued.

R. Brad Masingill, Weiser; Troupis Law Office, Meridian, attorneys for respondents Greifs. Christ T. Troupis argued.

Elam & Burke, P.A., Boise for intervenor State Farm Fire and Casualty Company. Jeffrey A. Thomson argued.


SCHROEDER, Chief Justice.

The Vanderford Co. (Vanderford) initially brought suit to recover loan funds and foreclose on properties owned by the Pines Townhomes, LLC or Richard and Jody Greif (collectively "the Greifs"). Each of the parties involved asserted numerous claims and defenses during a ten day jury trial. This appeal followed.

I.

FACTUAL AND PROCEDURAL BACKGROUND

Paul Knudson and Richard Greif entered into a business arrangement...

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