Question: G S Adams Jr vice president of the Washington Bank
G.S. Adams Jr., vice president of the Washington Bank & Trust Co., met with Bruce Bickham. An agreement was reached whereby Bickham agreed to do his personal and corporate banking business with the bank, and the bank agreed to loan Bickham money at 7.5 percent interest per annum. Bickham would have ten years to repay the loans. For the next two years, the bank made several loans to Bickham at 7.5 percent interest. Adams then Bickhamat 7.5 percent interest. Adams then resigned Bickhamat 7.5 percent interest. Adams then resigned from Bickhamat 7.5 percent interest. Adams then resigned from the bank. The bank notified Bickham that general economic changes made it necessary to charge a higher rate of interest on both outstanding and new loans. Bickham sued the bank for breach of contract. Was the contract a bilateral or a unilateral contract? Does Bickham win? Bickham v.Washington Bank & Trust Company, 515 So. 2d 457, 1987 La. App. Lexis 10442 (Court of Appeal of Louisiana)
Answer to relevant QuestionsImplied in Fact Contract For six years, Lee Marvin, an actor, lived with Michelle Marvin. They were not married. At the end of six years, Lee Marvin compelled Michelle Marvin to leave his household. He continued to support ...Wilbert Heikkila listed eight parcels of real property for sale. David McLaughlin submitted written offers to purchase three of the parcels. Three printed purchase agreements were prepared and submitted to Heikkila, with ...Harun Fountain, a minor, was shot in the back of the head at point blank range by a playmate. Fountain required extensive lifesaving medical services from a variety of medical service providers, including Yale Diagnostic ...Conrad Schaneman Sr. had eight sons and five daughters. He owned an eighty acre farm in the Scottsbluff area of Nebraska. Conrad was born in Russia and could not read or write English. All of his children had frequent ...William John Cunningham, a professional basketball player, entered into a contract with Southern Sports Corporation, which owned the Carolina Cougars, a professional basketball team. The contract provided that Cunningham was ...
Post your question