Utah Farm Production Credit Ass'n v. Cox

HALL, Justice:

Plaintiff Utah Farm Production Credit Association appeals that portion of a lower court ruling which granted a setoff against judgment in plaintiff’s favor, the setoff arising from plaintiff’s alleged breach of a contract to lend money.

Defendant Jeffery Cox (hereinafter “defendant”) is a resident of Sanpete County, Utah, and was, at all times relevant to this appeal, in the business of raising and selling turkeys. In 1972, defendant opened a line of credit with plaintiff, a business entity which extends financing for turkey-growing operations in the Sanpete County area.…