Farmers State Bank of Wyatt v. Clark Equipment Co.

HOFFMAN, Judge.

Appellant-plaintiff Farmers State Bank of Wyatt appeals the trial court’s grant of summary judgment to appellee-defendant Clark Equipment Company.

The facts relevant to this appeal disclose that on October 6, 1984, Farmers State Bank (Bank), pursuant to a commitment letter, agreed to provide Sharemar, Inc., d/b/a Macrotronix (Macrotronix), a revolving line of credit in an amount not to exceed $750,000.00. On November 1, 1984, Macrotronix delivered a promissory note and security agreement to the Bank for the line of credit. The note was due on November 1, 1985.

Clark Equipment…