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BANK ONE, AKRON N.A. v. SMART-TOMLINSON CORP.

No. 13697.

56 Ohio App. 3d 60 (1988)

BANK ONE, AKRON, N.A., APPELLEE, v. SMART-TOMLINSON CORPORATION ET AL.; HOUSTON, APPELLANT.

Court of Appeals of Ohio, Summit County.

Decided December 28, 1988.

Attorney(s) appearing for the Case

Ronald N. Towne and Cathy S. Drescher, for appellee.

William F. Snyder and Laurence R. Snyder, for appellant.

CACIOPPO, J.

Bank One, Akron, N.A. ("Bank One") demanded security of Smart-Tomlinson Corporation for a $300,000 line of credit needed to service a 1.2 million dollar contract. Edmund G. Tomlinson, president of the corporation, made certain fraudulent representations to appellant, Loren W. Houston, in order to obtain Houston's signature as guarantor on the $300,000 note.

On October 19, 1983, Bank One obtained a cognovit judgment on the defaulted $300,000 note...

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