People's Bank & Trust Co. v. United States

OPINION

YOCK, Judge.

This case comes before the Court in a suit for breach of contract by the Farmers Home Administration (FmHA). The plaintiff seeks recovery of amounts extended in the.form of an interim loan to a farmer, pending the closing of his previously approved FmHA loan. The Government, however, after approving the loan terms, cancelled the loan before disbursing the loan proceeds to the farmer and denied liability for the plaintiffs extension of an interim loan. It is undisputed that the plaintiff relied on the written and oral representations of FmHA supervisory personnel to the…