Hills Savings Bank v. Cress

On the 28th day of August, 1923, defendant, C. I. Cress, appeared at plaintiff bank and verbally applied for a line of credit. Prior to this time he had not been a patron of plaintiff bank. He was required to furnish a detailed financial statement of his assets and liabilities, as a basis for determination as to whether said bank should or should not extend the credit desired. A printed form was used, and John L. Krall, cashier of plaintiff bank, inquired as to various matters set out in the statement, and on the answers made by Cress, filled out the written statement which Cress signed. The…