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FARMERS STATE BANK v. CLARK EQUIPMENT

No. 50A03-9106-CV-168.

582 N.E.2d 452 (1991)

FARMERS STATE BANK of Wyatt, Appellant-Plaintiff, v. CLARK EQUIPMENT Company, Appellee-Defendant.

Court of Appeals of Indiana, Third District.

December 12, 1991.

Attorney(s) appearing for the Case

Thomas R. Lemon, Bradley J. Tandy, Kirk A. Weikart, Rasor, Harris, Lemon & Reed, Warsaw, for appellant-plaintiff.

Philip A. Whistler, Michael J. Lewinski, Ice, Miller, Donadio & Ryan, Indianapolis, Jere L. Humphrey, Kizer, Neu, Joyce, Wyland, Humphrey, Wagner & Gifford, Plymouth, for appellee-defendant.

HOFFMAN, Judge.

Appellant-plaintiff Farmers State Bank of Wyatt appeals the trial court's grant of summary judgment to appellee-defendant Clark Equipment Company.

The facts relevant to this appeal disclose that on October 6, 1984, Farmers State Bank (Bank), pursuant to a commitment letter, agreed to provide Sharemar, Inc., d/b/a Macrotronix (Macrotronix), a revolving line of credit in an amount not to exceed $750,000.00. On November 1, 1984, Macrotronix delivered...

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