McCutchan v. Iowa State Bank of Fort Madison

In 1940, appellant, K. Y. MeCutchan, of Burlington, Iowa, had certain negotiations with appellee, Iowa State Bank of Fort Madison, relative to the purchase by MeCutchan of a 281-acre farm in Lee county, Iowa, owned by the bank. Said negotiations were with Milton E. Lehning, cashier of said bank. On October 8th Lehning wrote appellant:

“Confirming conversation today at the bank, the following described land is offered for sale at $7,500.00 cash, * * * This price is for acceptance on or before October 12, 1940. ’ ’

On October 12th this was extended to October 19th. Appellant was unable to…