(DOWNLOAD) "Western Farm Credit Bank v. Gerald N." by Supreme Court of Wisconsin # Book PDF Kindle ePub Free
eBook details
- Title: Western Farm Credit Bank v. Gerald N.
- Author : Supreme Court of Wisconsin
- Release Date : January 08, 1993
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
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 company in which they held water rights. The Bank refused to release its interest in Borrowers water rights, even though the loan from the Division would have reduced Borrowers obligation to the Bank by $212,000.