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ZLOTNICK v. CORTLAND SAVINGS & BANKING CO.

No. 81 C.A. 20.

4 Ohio App. 3d 271 (1982)

ZLOTNICK, TRUSTEE IN BANKRUPTCY FOR CAMPBELL CONSTRUCTION, INC., APPELLEE, v. CORTLAND SAVINGS & BANKING CO., APPELLANT, ET AL.; HOHMAN ET AL., DEFENDANTS.

Court of Appeals of Ohio, Mahoning County.

Decided January 25, 1982.

Attorney(s) appearing for the Case

Mr. Frederick S. Coombs, III, and Mr. Phillip A. Millstone, for plaintiff-appellee Julius A. Zlotnick.

Mr. James E. Hoffman, Jr., for defendant-appellant Cortland Savings & Banking Co.

Mr. Solomon Malkoff and Mr. George E. Gessner, for defendants Robert J. and Mary Lou Hohman.

O'NEILL, J.

Robert J. Hohman had been for a period of time, prior to 1972, an employee of Campbell Construction, Inc. (Campbell). Campbell was a wholly owned subsidiary of Joseph Bucheit and Sons Company. On May 15, 1972, Joseph Bucheit and Sons Company issued a letter of intent to Robert Hohman setting forth an offer to sell Campbell to Mr. Hohman. The terms of the sale were:

1. Agree to pay at signing $20,000 for the good name.

2. The purchase price...

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