Legal Opinion
Bank One Akron, N.A. v. Nobil
Ohio Court of Appeals
Decided April 1, 1992No. 15233PublishedCited by 2 opinions
1Opinion of the Court
Quillin, Presiding Judge.
In this case, we must decide whether a secured creditor may seek simultaneous remedies pursuant to R.C. 1309.44(A) by filing suit seeking recovery on a debt, and, at the same time, by selling the collateral securing that debt. We find that a secured creditor may do so. Further, the record reveals nothing other than that the secured creditor acted in good faith in selling the collateral. Therefore, we affirm.
On February 8, 1989, appellee, Bank One Akron, N.A. (“Bank One”), filed a complaint against appellants, Thomas J. and Leita K. Nobil, seeking recovery on debts…
2Cases cited13 opinions
- Michigan National Bank v. MarstonMichigan Court of Appeals · 1970
- Baldwin v. First National Bank of the Black HillsSouth Dakota Supreme Court · 1985
- Hubbard v. LagowCourt of Appeals of Texas · 1979
- Ayares-Eisenberg Perrine v. Sun BankDistrict Court of Appeal of Florida · 1984
- Taylor Rental Corporation v. J.I. Case Company, D/B/A Case Power and EquipmentCourt of Appeals for the Eleventh Circuit · 1985
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3Cited by2 opinions
- Hamill v. LibertySupreme Judicial Court of Maine · 1999
- Vital Basics, Inc. v. Vertrue Inc.District Court, D. Maine · 2007