MINSTER FARMERS COOP. v. MEYER

Nos. 2006-1061 and 2006-1069.

117 Ohio St.3d 459 (2008)

2008-Ohio-1259

MINSTER FARMERS COOPERATIVE EXCHANGE COMPANY, INC., Appellee and Cross-Appellant, v. MEYER, Appellant and Cross-Appellee. MINSTER FARMERS COOPERATIVE EXCHANGE COMPANY, INC., Appellee and Cross-Appellant, v. DUES, Appellant and Cross-Appellee.

Supreme Court of Ohio.

Decided March 26, 2008.


Attorney(s) appearing for the Case

Michael A. Burton, for appellee and cross-appellant.

Faulkner, Garmhausen, Keister & Shenk, Bryan A. Niemeyer, and John M. Deeds, for appellants and cross-appellees.


PFEIFER, J.

{¶ 1} The issue in these consolidated cases concerns the "written contract" requirement of R.C. 1343.03(A). R.C. 1343.03(A) states that the interest rate on a book account shall be the statutory rate set forth in R.C. 5703.47 "unless a written contract provides a different rate of interest." Today we hold that notations on invoices and account statements setting forth an interest rate do not constitute a "written contract...

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