Planters Bank & Trust Co. v. Loe

This writ of error brings under review the validity of a judgment entered on a jury’s verdict in favor of Norman A. Loe and Elva Loe against Planters Bank and Trust Company in an action for damages for the breach of an alleged oral agreement entered into between the Loes and the bank, acting through its president,' Francis F. Shurling, with respect to a building contract which the Loes had made with Delta Housing Corporation.

In the trial court the bank defended the action on the grounds that: (1) The alleged oral agreement was unenforceable under the statute of frauds in that it was a promise…