MILES v. PERPETUAL SAVINGS & LOAN CO.

No. 78-774.

58 Ohio St. 2d 93 (1979)

MILES ET AL., APPELLEES, v. PERPETUAL SAVINGS & LOAN COMPANY, APPELLANT, ET AL.

Supreme Court of Ohio.

Decided May 9, 1979.


Attorney(s) appearing for the Case

Aronson, Fineman & Davis Co., L. P. A., and Mr. Bernard Fineman, for appellees.

Mr. Ronald E. Alexander, for appellant.


Per Curiam.

Appellant argues in its first proposition of law that the statutory obligation of a savings and loan to appraise property prior to approving a loan secured by the property (R. C. 1151.292[G] does not impose a duty to disclose to the borrower information concerning the property gleaned from the appraisal. We need not, and do not, reach that question upon the instant record.

One who acts as an agent for another becomes a fiduciary with respect...

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