Legal Opinion
Home Savings & Loan v. Aetna Casualty & Surety Co.
Court of Appeals of Utah
Decided August 6, 1991No. 890101-CAPublishedCited by 20 opinions
1Opinion of the Court
OPINION
GREENWOOD, Judge:
Aetna Casualty and Surety Company appeals the trial court’s ruling that a loss incurred by Home Savings and Loan was covered by a fidelity bond issued to Home by Aetna. Home made a total of forty-two second mortgage loans to individuals (AFCO investors) who had been referred to Home by Grant Affleck. The loan proceeds were invested in AFCO, which was controlled by Affleck. Following the financial demise of Affleck and AFCO, the AFCO investors brought suit against Home because of its involvement with AFCO. Home lost the lawsuit and was ordered to return the second…
2Cases cited39 opinions
- LDS Hospital, a Division of Intermountain Health Care, Inc. v. Capitol Life Insurance Co.Utah Supreme Court · 1988
- Sumitomo Bank of Cal. v. IwasakiCalifornia Supreme Court · 1968
- Village Inn Apartments v. State Farm Fire & Casualty Co.Court of Appeals of Utah · 1990
- Wilburn v. Interstate ElectricCourt of Appeals of Utah · 1988
- Perkins v. Clinton State BankCourt of Appeals for the Eighth Circuit · 1979
34 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Federal Deposit Insurance Corporation v. United Pacific Insurance CompanyCourt of Appeals for the Tenth Circuit · 1994
- Federal Deposit Insurance Corporation v. J. William OldenburgCourt of Appeals for the Tenth Circuit · 1994
- Saleh v. Farmers Insurance ExchangeUtah Supreme Court · 2006
- Café Rio, Inc. v. Larkin-Gifford-Overton, LLCUtah Supreme Court · 2009
- Federal Deposit Insurance v. United Pacific InsuranceCourt of Appeals for the Tenth Circuit · 1994
15 more not listed; retrieve them via the Exa API.