Central Production Credit Ass'n v. Reed

PREWITT, Judge.

Plaintiff sought recovery based on a promissory note. A jury returned a verdict denying recovery. Plaintiff appeals, contending it should have received a directed verdict or judgment notwithstanding the verdict.

The question presented is whether the trial court properly submitted for the jury’s consideration defendants’ defense of promissory estoppel. Absent that defense, it is undisputed that plaintiff would be entitled to the judgment it sought. Defendants contend that an authorized employee of plaintiff promised to loan them additional sums, but plaintiff refused to do so.…