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SALEM v. CENTRAL TRUST CO., N.A

No. C-930932.

102 Ohio App.3d 672 (1995)

SALEM, Appellant, v. CENTRAL TRUST CO., N.A., Appellee.

Court of Appeals of Ohio, First District, Hamilton County.

Decided April 26, 1995.

Attorney(s) appearing for the Case

Stephen R. Felson, for appellant.

Frost & Jacobs, Scott D. Phillips and Richard M. Goehler, for appellee.

Per Curiam.

On August 29, 1986, plaintiff-appellant, Richard N. Salem, assigned to defendant-appellee, Central Trust Co., N.A., a $300,000 life insurance policy issued to him by Crown Insurance Company as partial security for a previously incurred debt. Under the terms of the assignment, Central Trust had the contractual right to surrender the policy if Salem defaulted on the loan.

Salem later defaulted...

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