Stacy v. Merchants Bank

Defendant, The Merchants Bank, appeals a jury verdict for plaintiff in an action for a breach of a promise to lend money tried before the Washington Superior Court. Defendant contends that the court erred in denying its motion for judgment notwithstanding the verdict. We reverse.,

In 1979, plaintiff, Paul R. Stacy, purchased some land and, buildings in Topsham, Vermont. Plaintiff worked until the late summer of 1980, restoring the buildings and revitalizing the pastures, in hopes of starting a small dairy farm. By August of 1980, the preparation work was completed and plaintiff was ready to…