Home Savings Bank v. General Finance Corp.

Plaintiff bank points out that it is not attempting to recover from General Finance upon an accepted bill of exchange. “. . . The acceptance must be in writing and signed by the drawee. . . .” Sec. 118.07, Stats. Plaintiff bank does claim, however, that General Finance orally promised to accept the draft if the bank would certify the $9,700 check payable to General Finance; that the bank did so, and thereby accepted the offer and furnished consideration for the promise; that no statute requires such contract to be in writing to be enforceable. Secondly, plaintiff bank claims a cause of action…