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INDIANA BANK & TRUST CO. v. PERRY

No. 1-1083A337.

467 N.E.2d 428 (1984)

INDIANA BANK AND TRUST COMPANY OF MARTINSVILLE, Indiana, Defendant-Appellant, v. James L. PERRY and Marjorie Perry, Plaintiff-Appellees.

Court of Appeals of Indiana, First District.

August 21, 1984.

Attorney(s) appearing for the Case

Frank E. Spencer, Indianapolis, for defendant-appellant.

William T. Rosenbaum, Dillon & Cohen, Indianapolis, for plaintiff-appellees.

NEAL, Presiding Judge.

STATEMENT OF THE CASE

Defendant-appellant, Indiana Bank and Trust Company of Martinsville, Indiana (Bank), appeals a verdict rendered by a Brown County Circuit Court jury in favor of plaintiff-appellees, James L. Perry and Marjorie Perry (Perrys), in their suit for damages arising out of the purchase of a residence.

We reverse.

STATEMENT OF THE FACTS

In 1972 the Bank made a construction loan to a builder,...

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