First Federal Savings & Loan Ass'n v. Cheton & Rabe

The partnership of Cheton & Rabe (“C & R”), appellant, appeals the judgment of the trial court denying relief on claims of breach of contract and breach of the duty of good faith brought against Great Northern Savings Company. The relevant facts are as follows.

In April 1978, C & R borrowed from Great Northern the approximate sum of $606,850. C & R also borrowed the same amount from First Federal Savings & Loan Association of Akron, appellee. In turn, C & R executed with each lender a note secured by a mortgage and security agreement on the premises located at 2262 South Arlington Street,…