Legal Opinion
Ramsey v. Ernoko, Inc.
Ohio Court of Appeals
Decided July 12, 1991No. L-90-258PublishedCited by 1 opinion
1Per curiam
This is an appeal by junior secured creditors who claim that the primary secured creditor acted wrongfully in the sale of repossessed collateral in which all parties claimed an interest. The Lucas County Court of Common Pleas found that the junior creditors were not entitled to notice of the sale and that the junior creditors failed to prove that the sale was not commercially reasonable. We affirm.
In 1986 Ernoko, Inc. purchased the equipment, accounts receivable and inventory of two Toledo area physical fitness centers. Appellee Society Bank, formerly known as Trusteorp, Inc., in part…
2Cases cited8 opinions
- United States v. Duane G. Willis and Mary J. WillisCourt of Appeals for the Sixth Circuit · 1979
- Ish v. CraneOhio Supreme Court · 1862
- American State Bank of Killdeer v. HewsonNorth Dakota Supreme Court · 1987
- First Discount Corp. v. DakenOhio Court of Appeals · 1944
- Huntington National Bank v. ElkinsOhio Court of Appeals · 1987
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3Cited by1 opinion
- Hickey v. City of ToledoOhio Court of Appeals · 2001