First Interstate Bank of Idaho, NA v. West

BISTLINE, Justice.

On May 17, 1979, David Brown met with Bank of Idaho (now First Interstate Bank) manager, Stan Steele, to discuss Brown’s request to borrow $5,000 to start a new business. Brown had initially asked his former employers, James and Donna West, to loan him the money but the Wests refused. Instead, they suggested he try to borrow the money from the Bank of Idaho. After learning he did not qualify for the loan on the basis of his own financial strength, Brown represented to Steele that the Wests might be willing to guarantee the payment of the loan. On May 17, Steele telephoned…