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MIND & MOTION UT INVESTMENTS v. CELTIC BANK

No. 20131168.

367 P.3d 994 (2016)

2016 UT 6

MIND & MOTION UTAH INVESTMENTS, LLC, Appellee, v. CELTIC BANK CORPORATION, Appellant.

Supreme Court of Utah.

January 27, 2016.

Attorney(s) appearing for the Case

Steven W. Dougherty , Troy L. Booher , Leslie Kay Rinaldi , Beth E. Kennedy , Salt Lake City, for appellant.

Marcy G. Glenn , Denver, Nathan R. Runyan , Salt Lake City, for appellee.

Chief Justice DURRANT authored the opinion of the Court, in which Associate Chief Justice LEE, Justice DURHAM, and Judge PEARCE joined. Having recused himself, Justice HIMONAS does not participate herein; Court of Appeals Judge JOHN A. PEARCE sat. Justice PARRISH sat for oral argument. Due to her resignation from this court, she did not participate herein.

AMENDED OPINION*

Introduction

¶ 1 Utah law recognizes two different kinds of promises parties make in a contract, covenants and conditions. Covenants are mutual obligations the parties bargain for in their...

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