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Zions First Nat. Bank v. Overthrust Oil

Supreme Court of Utah
Feb 6, 1992
826 P.2d 139 (Utah 1992)

Opinion

No. 900391.

February 6, 1992.

Appeal from Third District, Tooele County; Homer F. Wilkinson, Judge.

Bruce J. Nelson, Salt Lake City, for plaintiffs and appellees.

Lorin N. Pace, Salt Lake City, for defendants and appellants.

R. Stephen Marshall, Salt Lake City, for cross-claim defendants.


Plaintiffs brought this foreclosure action concerning approximately 3,500 acres in Tooele County, Utah, that defendant Overthrust Oil and Gas Corporation (Overthrust) had pledged as security on a promissory note. At the time of foreclosure, title to the property was in Faust Land (Faust), a wholly owned subsidiary of Overthrust. Overthrust and Faust cross-claimed against codefendant Capitol Thrift, the sole maker of the note, and against codefendant Richard Christenson, the original guarantor of the note. The district court entered a foreclosure decree but allowed Overthrust and Faust to cross-claim against Capitol Thrift. The district court dismissed the cross-claim against Christenson. Overthrust and Faust appeal the decree of foreclosure and the dismissal of the Christenson cross-claim.

Overthrust and Faust assert both legal and factual grounds for reversal. With regard to their factual challenges, they have failed to marshal the evidence. See Doelle v. Bradley, 784 P.2d 1176, 1178 (Utah 1989). We can discern no reason to conclude that the district court's factual findings were not fully supported. We also find Overthrust and Faust's legal claims to be without merit. We therefore affirm.

HALL, C.J., HOWE, Associate C.J., and STEWART, J., concur.

ZIMMERMAN, J., does not participate herein.


Summaries of

Zions First Nat. Bank v. Overthrust Oil

Supreme Court of Utah
Feb 6, 1992
826 P.2d 139 (Utah 1992)
Case details for

Zions First Nat. Bank v. Overthrust Oil

Case Details

Full title:ZIONS FIRST NATIONAL BANK AND 4447 ASSOCIATES, A UTAH GENERAL PARTNERSHIP…

Court:Supreme Court of Utah

Date published: Feb 6, 1992

Citations

826 P.2d 139 (Utah 1992)

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