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PARK v. STANFORD

No. 20091082.

258 P.3d 566 (2011)

2011 UT 41

Kang S. PARK and Marsha Park, Plaintiffs and Appellees, v. Gary B. STANFORD, Defendant and Appellant.

Supreme Court of Utah.

July 22, 2011.

Attorney(s) appearing for the Case

Keith W. Meade , Bradley M. Strassberg , Salt Lake City, for plaintiffs.

Russell S. Walker , Reid W. Lambert , Anthony M. Grover , Salt Lake City, for defendants.

On Certiorari to the Utah Court of Appeals

Chief Justice DURHAM, opinion of the Court:

INTRODUCTION

¶ 1 This appeal concerns the application of payments made in connection with a real estate transaction between Dr. Gary B. Stanford and Kang and Marsha Park. The court of appeals held that payments submitted to the Parks could not be credited toward a personal guaranty Dr. Stanford had made on a note payable to the Parks. Noting that this appeal...

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