Federal Deposit Insurance Corporation v. Alan J. Graham Book Reviews
Federal Deposit Insurance Corporation v. Alan J. Graham by Supreme Court Of Utah Book Summary
This is a breach-of-contract case. Federal Deposit Insurance Corporation ("FDIC") as Receiver for Western Bank-Westheimer ("Bank") sued Alan J. Graham and Michael R. Macari ("Borrowers") as well as George R. Hinsley and Fred T. Magee ("Guarantors") on a note and guarantees. Borrowers/Guarantors counterclaimed to enforce an agreement to reschedule the debt ("Restructure Agreement"). After a bench trial, the trial court held that (1) the terms of the Restructure Agreement supplanted the terms of the note and guarantees, (2) FDIC breached the Restructure Agreement, (3) FDIC was entitled to the amount due under the Restructure Agreement, and (4) Borrowers/Guarantors were entitled to attorneys fees. Since Borrowers/Guarantors attorneys fees exceeded their debt to FDIC, the trial court entered judgment that FDIC take nothing. On appeal, FDIC complains, inter alia, that there was insufficient evidence of FDICs breach and that the award of attorneys fees to Borrowers/Guarantors was error. We affirm.
Book Name | Federal Deposit Insurance Corporation v. Alan J. Graham |
Genre | Law |
Author | Supreme Court Of Utah |
Published | 04 August 1994, Thursday |
Language | English |
E-Book Size | 78.93 KB |
Federal Deposit Insurance Corporation v. Alan J. Graham (Supreme Court Of Utah) Book Reviews 2024
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Summary of Federal Deposit Insurance Corporation v. Alan J. Graham by Supreme Court Of Utah
The Federal Deposit Insurance Corporation v. Alan J. Graham book written by Supreme Court Of Utah was published on 04 August 1994, Thursday in the Law category. A total of 44 readers of the book gave the book 0 points out of 5.
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