MASTER CONSOLIDATED CORP. v. BANCOHIO NATL. BANK

No. 90-1388.

61 Ohio St.3d 570 (1991)

MASTER CONSOLIDATED CORPORATION, APPELLANT, v. BANCOHIO NATIONAL BANK, APPELLEE.

Supreme Court of Ohio.

Decided August 28, 1991.


Attorney(s) appearing for the Case

Shulman & Hall, L.P.A., Thomas G. Kramer and Elizabeth O. M. Troxell, Talbott & Ducker and John T. Ducker, for appellant.

McFadden & Winner, Joseph C. Winner and Melodee S. Kornacker, for appellee.


HOLMES, J.

Master has appealed to this court on the grounds that Banc-Ohio, as trustee, acted negligently in disbursing monies from the bond construction fund without conducting an independent investigation of the propriety of Glueckert's request for disbursement. Specifically, Master argues that BancOhio dealt with Master's purported agent, Glueckert, at its own risk, that BancOhio should have exercised diligence and prudence to ascertain the authority of such purported...

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