Cox Corp. v. Dugger

By holding that Cox Corporation has no interest in the option agreement, the majority opinion overlooks undisputed evidence in the record, on which the trial court based its findings. In its findings of fact, the trial court states, “ . . . plaintiff had an interest in an option to repurchase property previously owned by plaintiff in Cedar City . . ..” The evidence clearly established Cox Corporation had been the equitable owner of property since 1956; as such it carried it as an asset in its books, received all rents generated, and paid all tax liabilities. The corporation was a close family…