Nevada National Bank v. Gold Star Meat Company

OPINION

By the Court,

Batjer, J.:

During the latter part of December, 1969, Verner Aversch, the president of the respondent company, telephoned the appellant, Nevada National Bank, inquiring about the credit status of a potential customer, Holiday Ranch Beef, Inc. Aversch’s phone call was transferred to Dale Hastings, a long time employee who was the assistant vice-president and manager of the South Reno branch of the appellant bank. During their conversation, Hastings represented to Aversch that it would be safe to extend $6,000-$8,000 credit to Holiday Ranch Beef, indicating that “we were…