National City Bank v. Abdalla

Vukovich, Judge.

The following appeal arises from the Jefferson County Common Pleas Court’s decision to estop National City Bank from foreclosing on a promissory note executed by Samuel T. and Joyce A. Abdalla. For the following reasons, the judgment of the trial court is reversed and this cause is remanded.

On May 12, 1986, National City Bank (“the bank”) executed a promissory note in the amount of $300,000, payable on demand, in consideration of Samuel T. Abdalla and Joyce A. Abdalla’s (appellees) promise to repay the loan at a ten-percent yearly interest rate. The note was secured by a…