Lockhart Co. v. Anderson

646 P.2d 678 (1982)

The LOCKHART CO., a Utah corporation, Plaintiff and Respondent,

v.

B.J. ANDERSON and Norma T. Anderson, Defendants and Appellants.

No. 17499.

Supreme Court of Utah.

March 19, 1982.

Petition for Rehearing May 21, 1982.

M. Dayle Jeffs, Provo, for defendants and appellants.

W. Clark Burt, Robert S. Prince, Salt Lake City, for plaintiff and respondent.

OAKS, Justice:

This is a lender's suit to foreclose on the buyer's interest in a real estate contract the borrower (buyer) had assigned as security for the loan. The district court gave summary judgment for the lender, respondent Lockhart.…