Davidson v. Hayes
Ohio Court of Appeals
1Opinion of the CourtCacioppo, J.
This cause came on before the court upon appeal from the order of the trial court denying appellants' motion to vacate a cognovit judgment. We reversa
Roger and Carol Hayes, the appellants, entered into an agreement to purchase real estate^ tangible and intangible assets of Steeline Machine Products, including the premises, use of the business name, equipment, tools, inventory and list of customers, supplies and prospects. The Hayes signed a cognovit note for $110,000 plus interest.
The Hayes defaulted on the nota On September 5, 1989, E. Davidson took judgment on the note without notice to the…
2Cases cited7 opinions
- Miles v. Perpetual Savings & Loan Co.Ohio Supreme Court · 1979
- Foust v. Valleybrook Realty Co.Ohio Court of Appeals · 1981
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- Starinki v. PaceOhio Court of Appeals · 1987
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