First Security Bank of Utah, N.A. v. Felger

MEMORANDUM DECISION AND ORDER

WINDER, District Judge.

This matter is before the court on both parties’ Motions for Summary Judgment. The court heard oral argument on March 16, 1987. Plaintiff First Security Bank of Utah, N.A. (“FSB”) was represented by Kent H. Murdock and Jeffrey D. Eisen-berg. Defendants Dan Felger and CS, Ltd., were represented by Louise T. Knauer. Following oral argument the court took the matter under advisement. After considering the arguments of counsel, the memoranda and the relevant authority the court now renders the following decision and order.

I. Background

In 1978…