First Federal Savings & Loan Ass'n of Toledo v. Perry's Landing, Inc.

This case is before the court on appeal from a judgment of the Wood County Court of Common Pleas.

I

The essential facts may be summarized as follows. In July 1975 and May 1976, two promissory notes in the respective principal amounts of $650,000 and $75,000 were executed by Perry’s Landing, Inc., an Ohio corporation and defendant-appellee herein. The notes were signed on behalf of appellee by its. president, William R. Wumer. Appellee Perry’s Landing was formed for the purpose of developing and managing a retail shopping center which was constructed on certain real estate located in…