First National Bank of Logansport v. Logan Mfg. Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an oral contract did not exist because there was no mutuality of obligation
• finding that the third and fourth elements were satisfied because the plaintiffs’ “actions in reasonable reliance on [the defendant’s] promises were of a definite and substantial character'.;..”
• bank reasonably should have expected that Garrett and Moore would rely on the bank’s representations, and trial court found that bank had actual knowledge of such reliance
• establishing the elements of promissory estoppel

Source: CourtListener parenthetical corpus (CC0).