AMERITRUST CO. v. MURRAY

Nos. 47675 and 47958.

20 Ohio App. 3d 333 (1984)

AMERITRUST COMPANY, APPELLEE v. MURRAY, APPELLANT.

Court of Appeals of Ohio, Cuyahoga County.

Decided October 15, 1984.


Attorney(s) appearing for the Case

Robert V. Secrist, Jr., and Forrest F. Stanley, for appellee.

Thomas C. Schrader and Stephen E. Pigott, for appellant.


CORRIGAN, C.J.,

On February 26, 1980, Ohio Turbine Repair, Inc. ("Ohio Turbine") borrowed $80,000 from appellee, AmeriTrust Company ("Ameri-Trust"). On the same date, Ohio Turbine executed an agreement giving appellee a security interest in all of its machinery and equipment.

Appellant, John C. Murray, along with John and Jane Moore, personally guaranteed the loan as well by executing and delivering to appellee a Guaranty of Payment of Debt ("guaranty"). Appellant...

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