Tripp v. Vaughn

OPINION

Before GREENWOOD, ORME and JACKSON, JJ. GREENWOOD, Judge:

Appellants, Contract Carpets & Interiors, Inc., Wayne Tripp, Donald Anderson, Basin Wholesale Electric, Inc. and Basin Sportsman and Electric appeal from the trial court’s ruling that Basin State Bank had priority over appellants’ mechanics’ liens. We affirm.

In the summer of 1981, Lincove Associates, a general partnership comprised of Craig Christensen, Steve Hall and Greg Morrison, purchased property in Vernal, Utah which it intended to develop into a subdivision. In the fall of 1981, Lincove Associates entered into an earnest…