Standard Savings Ass'n v. Cromwell

PAUL PRESSLER, Justice.

On October 6, 1982, appellant agreed to loan appellee $15,000 at 18% interest. Ap-pellee executed a note for $16,350 which was to be paid in one installment on or before April 6, 1983. At the time of the making of the loan, appellee gave appellant a personal check for $15,000. He claims he told appellant to hold the check, and in the event he did not need the money, he would call and have appellant deposit that check as payment of the loan. Subsequently, ap-pellee asked appellant to negotiate the check, but it was dishonored at least one time. It was finally honored on…