National City Bank v. Erskine & Sons, Inc.

The question presented to this court, as stated by the defendant, is as follows:

Is a promissory note a negotiable instrument under the Ohio Negotiable Instruments Act, where such note is payable in monthly installments commencing on a date therein stated, the final installment being due and payable at a date also stated therein, but contains a clause accelerating the payment of the balance due thereon at the option of the holder where the maker fails to pay any installment when due or where the chattel mortgage securing the note is breached in any respect?

The reference to the chattel mortgage…