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JOHNSTON v. STATE BANK

No. 54752.

195 N.W.2d 126 (1972)

Beryle L. JOHNSTON et al., Appellants, v. The STATE BANK, Appellee.

Supreme Court of Iowa.

February 25, 1972.

Attorney(s) appearing for the Case

Kersten, Opheim & Estes, Fort Dodge, for appellants.

Hamilton & Schill, Fort Dodge, and Alan Loth, San Jose, Cal., for appellee.

UHLENHOPP, Justice.

This appeal turns on whether a letter from a bank, notifying a contractor that the bank had made a loan commitment to certain customers, constituted a "letter of credit."

Mr. and Mrs. Dale G. Trier desired to build a house in Fort Dodge, Iowa. They saw some plans in a magazine for a two-story house. They talked with Beryle L. Johnston, an experienced contractor. He obtained the house plans from the magazine. The plans showed that the ground...

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