The Woolseys ran a mink farm that was mortgaged to the State Bank of Lehi . The agreement included provisions that allowed acceleration and foreclosure if the Woolseys failed to pay their obligations under the contract. The Woolseys defaulted on several payments, and the bank for e closed.
The couple demanded a jury trial on the foreclosure action. They also argued that the bank had not acted in good faith in its acceleration and foreclosure. Were the Woolseys entitled to a jury trial? Explain.
Who had the burden of proof in demonstrating the bank's good faith in accelerating payments and demanding foreclosure?
State Bank of Lehi v. Woolsey, 565 P.2d 413 (UT).