Honda City Triumph, Inc. v. First National Bank

On January 17, 1980, Richard Rueb agreed to purchase a 1980 Honda Accord from appellant Honda City-Triumph, a licensed automobile dealer. The purchase order signed by the parties described the vehicle, showed the purchase price to be $6,817, recited a $100 deposit (apparently charged on a VISA card), and called for the balance of $6,717 to be paid in cash at time of delivery.

The next day, with purchase order in hand, Mr. Rueb applied for and received a loan from appellee First National Bank of Southern Maryland in order to pay for the car. The gross amount of the loan was $6,277, payable in…