The following facts were adduced at trial. Plaintiff, who had opened an IRA account with the defendant bank on December 12, 1976, spoke to a bank representative in August of 1982, after having reached the age of seventy and one-half, at which time distribution of the account had to begin, about a ten-year payout of his account balance. He was offered the choice of a 16-year, 10-year or 8-year plan, each with a different, constant monthly payment. Plaintiff chose the 10-year...
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