Legal Opinion
Ameritrust Co. v. Murray
Ohio Court of Appeals
Decided October 15, 1984No. 47675 and 47958PublishedCited by 17 opinions
1Opinion of the Court
Corrigan, C.J.,
On February 26, 1980, Ohio Turbine Repair, Inc. (“Ohio Turbine”) borrowed $80,000 from ap-pellee, AmeriTrust Company (“Ameri-Trust”). On the same date, Ohio Turbine executed an agreement giving appellee a security interest in all of its machinery and equipment.
Appellant, John C. Murray, along with John and Jane Moore, personally guaranteed the loan as well by executing and delivering to appellee a Guaranty of Payment of Debt (“guaranty”). Appellant alleges that, prior to signing the guaranty, it was represented to him that Ohio Turbine would incur no additional debts without…
2Cases cited5 opinions
- Adomeit v. BaltimoreOhio Court of Appeals · 1974
- Walters v. First National BankOhio Supreme Court · 1982
- Peoples Acceptance Corp. v. Van EppsOhio Court of Appeals · 1978
- Gerwin v. ClarkOhio Court of Appeals · 1977
- Miller Brewing Company v. Joseph GreggCourt of Appeals for the Sixth Circuit · 1968
3Cited by17 opinions
- Maust v. Bank One Columbus, N.A.Ohio Court of Appeals · 1992
- Stegawski v. Cleveland Anesthesia Group, Inc.Ohio Court of Appeals · 1987
- Rhodes v. Rhodes Industries, Inc.Ohio Court of Appeals · 1991
- Busler v. D & H Manufacturing, Inc.Ohio Court of Appeals · 1992
- Walther v. Bank of New YorkDistrict Court, S.D. New York · 1991
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