E. S. Preston Associates, Inc. v. Preston

This court is now asked to review the construction by the lower courts of the various contracts executed by appellant and appellee. It is well-settled that contracts must be given a just and reasonable construction in order to carry out the presumed intent of the parties. Ger*10mania Fire Ins. Co. v. Schild (1903), 69 Ohio St. 136, 139-140; First Natl. Bank of Van Wert v. Houtzer (1917), 96 Ohio St. 404.

The first issue for our consideration involves appellant’s liability on the promissory note in which he promised to pay, on demand, the cash value of the insurance policies plus any amounts…