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FARM CROP ENERGY v. OLD NATIONAL BANK

No. 5597-3-III.

38 Wn. App. 50 (1984)

685 P.2d 1097

FARM CROP ENERGY, INC., Respondent, v. OLD NATIONAL BANK OF WASHINGTON, Appellant.

The Court of Appeals of Washington, Division Three.

July 3, 1984.

Attorney(s) appearing for the Case

Jeffrey L. Supinger, John E. Heath, Jr., and Witherspoon, Kelley, Davenport & Toole, for appellant.

Gerald J. Moberg, Harry E. Ries, and Ries & Kenison, for respondent.

THOMPSON, J.

Old National Bank of Washington (ONB) appeals a judgment entered on a verdict of $295,000 in favor of Farm Crop Energy, Inc. (Farm Crop), for ONB's revocation of a loan commitment. We affirm.

In 1980, Farm Crop was formed for the purpose of constructing a fuel alcohol plant. In February 1981, ONB issued a commitment letter stating it would loan Farm Crop $1,475,000 if certain conditions were met, including...

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