FEDERAL DEPOSIT INS. CORP. v. WILLOUGHBY

No. 47477.

19 Ohio App. 3d 51 (1984)

FEDERAL DEPOSIT INSURANCE CORPORATION, APPELLEE, v. WILLOUGHBY, APPELLANT, ET AL.

Court of Appeals of Ohio, Cuyahoga County.

Decided June 25, 1984.


Attorney(s) appearing for the Case

Squire, Sanders & Dempsey and Walter J. Rekstis, for appellee.

Austin T. Klein, for appellant.


NAHRA, J.

In December 1973, appellant, Lawrence D. Willoughby, executed an agreement to be bound, making himself personally liable for any loans given by Northern Ohio Bank (hereinafter "the bank") to Solon Equipment and Trucking, Inc., of which appellant was president. On May 9, 1974, Solon Equipment gave the bank a promissory note for money loaned. On August 1, 1974, appellant gave the bank a promissory note for money loaned.

To secure performance of the...

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