Huntington Natl. Bank v. Schneider

Citations

• 2025 Ohio 2920

Syllabus

Contracts—Restatement (First) of Security—Whether a creditor has a duty to disclose facts that materially increase a surety's risk—Parties engaging in an arm's-length transaction, without affirmatively establishing a relationship of special trust or confidence between the parties, do not owe one another a duty to disclose unknown facts that materially increase risk to the other party, regardless of whether one of the parties is a guarantor or surety—Court of appeals' judgment reversed and trial court's grant of summary judgment reinstated.