Northern Ohio Tractor, Inc. v. Richardson

William R. Richardson and Walter C. Wozniak, defendants- appellants, challenge a trial court decision overruling their motion for relief from judgment rendered on a cognovit provision in contracts of guaranty. We affirm.

Facts

William R. Richardson and Walter C. Wozniak are officers of R & W Contracting Excavation, Inc. (“R & W”). Northern Ohio Tractor, Inc. (“Tractor”), plaintiff-appellee, is an equipment sales agent for John Deere Company. On December 28, 1978, Tractor agreed to lease certain pieces of construction equipment to R & W in exchange for R & W’s promise to pay a specified monthly…