Ohio Court of Appeals April 26, 1995, No. C-930932. (Salem v. Central Trust Co., N.A.)

Per Curiam.

On August 29, 1986, plaintiff-appellant, Richard N. Salem, assigned to defendant-appellee, Central Trust Co., N.A., a $300,000 life insurance policy issued to him by Crown Insurance Company as partial security for a previously incurred debt. Under the terms of the assignment, Central Trust had the contractual right to surrender the policy if Salem defaulted on the loan.