Harsha v. State Savings Bank

UHLENHOPP, Presiding Justice.

This appeal presents questions that arose from an alleged oral agreement by the State Savings Bank of Baxter, Iowa (bank), through its president, Jack E. Edge, to lend money to David G. Harsha and Richard L. Perry to open and operate a livestock feed sales business to be known as Baxter Feed Center, Inc. (Baxter Feed).

The following issues were submitted to the jury at trial: (1) whether the bank made and subsequently breached a contract to lend $25,000 to Baxter Feed on a long-term basis; (2) whether acts by the bank and Edge tortiously interfered with prospective…