Case Name: A. B. SMITH PIANO CO. v. FIRST TR. & SAV. BK.
Court: Ohio Court of Appeals
Jurisdiction: Ohio
Decision Date: 1928-05-18
Citations: 6 Ohio Law Abs. 467
Docket Number: No. 1396
Parties: A. B. SMITH PIANO CO. v. FIRST TR. & SAV. BK.
Judges: Washburn, PJ., Funk, J., and Pardee, J., concur.
Reporter: The Ohio Law Abstract
Volume: 6
Pages: 467–468

Head Matter:
A. B. SMITH PIANO CO. v. FIRST TR. & SAV. BK.
Ohio Appeals, 9th Dist., Summit Co.
No. 1396.
Decided May 18, 1928.
Chalmers M. Hamill, Akron, for Piano Co.
Slabaugh, Seiberling, Huber & Guinther, Akron, for Bank.

Opinion:
FULL TEXT.
PER CURIAM:
The A. B. Smith Piano Co., a dealer which sold merchandise to be paid for in installments, borrowed money from the defendant bank, gave a note therefor and secured said note by the deposit of notes and other evidence of indebtedness taken from its customers.
The defendant deducted from the amount collected by it on said collateral a certain percentage for expense of collection and gave the plaintiff credit on its note for the balance. The plaintiff claiming that the amount collected, if properly applied on its note, would practically pay the same, tendered the small balance due and brought this suit for an accounting and a rturn of the collateral not yet collected.
• The case was submitted in this court on a transcript of the evidence taken in the court below.
In the part of the note given by plaintiff relating. to the collateral, three blanks for the insertion of appropriate pronouns were left vacant and were filled in by the bank long after the execution and delivery of the note.
We find that under the circumstances presented by the record there was no material alteration of the note which rendered it invalid, and that the bank had a right to make said collections and deduct therefrom a reasonable sum for the expense of such collection.
It is unnecessary to detail the evidence, which was conflicting, and it is sufficient to say that we agree with the conclusions reached by the trial court, and a decree and judgment may be entered the same as in the court below.
Washburn, PJ., Funk, J., and Pardee, J., concur.