MASTER CHEMICAL CORP. v. INKROTT

No. 89-329.

55 Ohio St. 3d 23 (1990)

MASTER CHEMICAL CORPORATION ET AL., APPELLANTS AND CROSS-APPELLEES, v. INKROTT; TRUSTCORP BANK, F.K.A. TOLEDO TRUST COMPANY, APPELLEE AND CROSS-APPELLANT.

Supreme Court of Ohio.

Decided November 14, 1990.


Attorney(s) appearing for the Case

Eastman & Smith, Ralph S. Boggs, John H. Boggs, Roger Paul Klee, Stein, Mitchell & Mezines, Glenn A. Mitchell, Jacob A. Stein, Manahan, Pietrykowski & Bamman and William Pietrykowski, for appellants and cross-appellees.

Shumaker, Loop & Kendrick, David W. Wicklund and John N. MacKay, for appellee and cross-appellant.


BRYANT, J.

The parties on appeal have submitted several propositions of law with respect to whether Toledo Trust breached the legal obligations it owed to its depositor, Master Chemical. Primarily, the parties have strenuously argued the application and merits of the Uniform Commercial Code ("UCC") to the facts of this case.

We agree with the appellate court's analysis of the application of the UCC to the present case. The appellate court stated:

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