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GRUNDEL v. BANK OF CRAIG

No. KCD 26427.

515 S.W.2d 177 (1974)

Russell GRUNDEL, Sr., and Russell Grundel, Jr., Respondents, v. BANK OF CRAIG, a corporation, Appellant.

Missouri Court of Appeals, Kansas City District.

Motion for Rehearing and/or Transfer Denied November 4, 1974.

Attorney(s) appearing for the Case

Rupert Usrey, Oregon (Eiser & Usrey, Oregon, of counsel), for appellant.

Bernard W. Gorman, Tarkio, for respondents.

Before PRITCHARD, P. J., and WASSERSTROM and SOMERVILLE, JJ.

PRITCHARD, Presiding Judge.

Appellant Bank undisputedly imposed this condition upon respondents: That it would be necessary, in order for the Bank to continue to extend credit, that a loan in the amount of $5,000.00 would have to be made to him at 8% interest, and that the proceeds of the loan would have to be deposited by him in a non-interest bearing certificate of deposit with the Bank. The Bank states in its brief that it does not contend that this transaction...

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