Chase Bank v. Brookstone Ohio Partnership

This is an appeal by plaintiff-appellant, Chase Bank of Ohio, from a decision of the Clermont County Court of Common Pleas granting summary judgment in flavor of defendant-appellee, Shirley Flannery.

On October 31, 1980, Tri-State Savings Loan loaned $525,000 to Brookstone, an Ohio partnership, whose general partners were Harold Flannery, Horace Flannery and Earl T. Barnes. As part of the transaction, the Brookstone partners executed a note promising to pay $525,000 to Tri-State in installments, with the entire amount being due and payable on October 30, 1982. They executed a mortgage on a…