MARION INS. AGENCY, INC. v. FAHEY BANKING CO.

No. 9-86-31.

61 Ohio App.3d 9 (1988)

MARION INSURANCE AGENCY, INC. et al., Appellants, v. FAHEY BANKING COMPANY, Appellee.

Court of Appeals of Ohio, Marion County.

Decided December 5, 1988.


Attorney(s) appearing for the Case

Paul L. Wallace, for appellants.

Ronald D. Cramer, for appellee.


COLE, Judge.

This is an appeal by the plaintiff, Marion Insurance Agency, Inc., from a judgment of the Court of Common Pleas of Marion County granting the defendant's Civ.R. 12(C) motion on the pleadings.

In November 1979, the parties entered into a loan agreement for two loans in the amount of $15,000 and $13,000 with interest as specified in each note. The terms of the loans were that interest was due quarterly and the principal was due on demand.

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