John McLean, Bank of the United States v. Dunn…
“ All discounts are made under the authority of the directors, and it is for them to fix any conditions which may be proper in loaning money. If, therefore, the evidence were clear of other legal objections, it could not have the effect to release the defendant from liability. The assurances relied on, if made, were not made by persons authorised to make them. The bank is not bound by them; nor would it be bound it the assurances had been made in so specific and direct a manner as to create a personal responsibility on the part of the cashier and president. ”
