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Cognovit promissory note; res judicata; directed verdict
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The trial court did not err in granting judgment on a cognovit promissory note; however, it was error to grant foreclosure on a mortgage without complying with notice and service of process provisions. Judgment affirmed in part and reversed in part.
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Trial court did not err in denying appellant's motion for relief from cognovit judgment. Cognovit promissory note complied with the requirements of R.C. 2323.13(D).
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FORECLOSURE; MORTGAGE; PROMISSORY NOTE; SUMMARY JUDGMENT; COGNOVIT NOTE.
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cognovit promissory note, replevin, res judicata
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Promissory note, cognovit, 60(B), motion to vacate judgment, meritorious defense, operative facts.
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Trial court had subject matter jurisdiction to enter a judgment by confession based on a warrant of attorney contained in a cognovit promissory note. The trial court properly denied the defendants’ Civ.R. 60(B) motion, because the cognovit judgment was interlocutory and defendants failed to present a meritorious defense. The warrant of attorney was not void as against public policy. Judgment affirmed. (J. Fain concurring).
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Promissory note; cognovit judgment; Civ.R. 60(B); motion to vacate; final appealable order; dismissal with prejudice; Civ.R. 41; Civ.R.41(B); involuntary dismissal; notice required for involuntary dismissal.
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Default on a cognovit promissory note; defendant’s answer to the complaint constitutes an appearance in the action, even though the answer confessed judgment on the note; R.C. 2329.13 requires notice to the party whose goods will be sold upon execution sale; an order confirming an execution sale contains an implicit finding that notice requirements were met and that parties were not prejudiced by lack of notice; Appellants failed to allege prejudice, and also waived notice requirements by agreeing to the terms of the cognovit note; a premature appeal is treated as being filed immediately after the entry; App.R. 4(C).
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Promissory note; guaranty; default; bankruptcy; debtor’s exam; cognovit judgment; meritorious defense.