Bruce Bickham Case

Satisfactory Essays

The contract entered between Bruce Bickham and Washington Bank & Trust Company’s representative was a bilateral contract. “The relationship of the litigants is governed by bilateral contracts. The first such contract is represented by the oral agreement struck between Mr. Bickham and the Bank on January 23, 1974”( Bickham v. Washington Bank 1987) The agreement that was entered between Mr. Bickham and G.S. Adams, Jr., vice president of Washington Bank & Trust was if Mr. Bickham would do his personal and business banking with the bank Mr. Bickham would be receive loans at 7.5 percent rate payable over 10 years. As a result of this over the next two years the bank made several loans to Mr. Bickham with an interest rate of 7.5 percent. Mr.

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