Legal Opinion
Western Farm Credit Bank v. Pratt
Court of Appeals of Utah
Decided September 8, 1993No. 920650-CAPublishedCited by 10 opinions
1Opinion of the Court
OPINION
BENCH, Judge:
Appellants (Borrowers) challenge the trial court’s order granting summary judgment in favor of Western Farm Credit Bank (the Bank). We reverse and remand.
FACTS
In December 1980, the Bank loaned Borrowers $345,000 and received, in exchange, a promissory note and a mortgage on Borrowers’ farm in Duchesne County, Utah. In 1987, Borrowers began negotiations with the Utah Division of Water Resources (the Division) for an interest-free loan to make improvements on their farm. As a condition for the loan, the Division required Borrowers to pledge shares of stock in the irrigation…
2Cases cited18 opinions
- St. Benedict's Development Co. v. St. Benedict's HospitalUtah Supreme Court · 1991
- Ong International (U.S.A.) Inc. v. 11th Avenue Corp.Utah Supreme Court · 1993
- Ron Case Roofing & Asphalt Paving, Inc. v. BlomquistUtah Supreme Court · 1989
- Amica Mutual Insurance Co. v. SchettlerCourt of Appeals of Utah · 1989
- Raymond P. Zajac and Helen Ann Zajac v. Federal Land Bank of St. PaulCourt of Appeals for the Eighth Circuit · 1990
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3Cited by10 opinions
- Smith v. Four Corners Mental Health Center, Inc.Utah Supreme Court · 2003
- Olympus Hills Shopping Center, Ltd. v. Smith's Food & Drug Centers, Inc.Court of Appeals of Utah · 1994
- Republic Group, Inc. v. Won-Door Corp.Court of Appeals of Utah · 1994
- Records v. BriggsCourt of Appeals of Utah · 1994
- Brown v. WeisCourt of Appeals of Utah · 1994
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