Northwestern National Bank v. Pearson

Citations

• 102 Wash. 570
• 173 P. 730
• 1918 Wash. LEXIS 1007

Syllabus

<p>Banks and Banking — Contracts — Agreement for Loan — Evidence—Sufficiency. The evidence sustains findings that a bank did not agree to extend a credit of $50,000 to finance a contract, where all the negotiations were with the bank’s vice president, who testified that he informed the contractor he could not make a loan in excess of $10,000 without approval of the discount committee, that he authorized a loan for $5,000 pending investigation and demand note was given therefor, and it appears that the discount committee declined to approve the credit and notice of such declination was. immediately given.</p> <p>Bills and Notes—Actions—Demand. A demand is not a prerequisite to suit upon a demand note, made payable at the office of the plaintiff bank, the bringing of suit being a sufficient demand.</p>