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BANK OF AMERICA NAT. TRUST & SAV. ASSO. v. BURHANS

265 Wis. 108 (1953)

BANK OF AMERICA NATIONAL TRUST & SAVINGS ASSOCIATION, Appellant, vs. BURHANS and others, Respondents.

Supreme Court of Wisconsin.

November 3, 1953.

Attorney(s) appearing for the Case

For the appellant there were briefs by Godfrey & Godfrey of Elkhorn, and oral argument by Alfred L. Godfrey.

For the respondents there was a brief by Kenney, Korf & Pfeil of Elkhorn, and oral argument by Francis J. Korf.

BROWN, J.

Respondents submit that the purchase of accounts receivable by the bank as alleged in the complaint did not make the National Cart Corporation debtor to the bank; also that National Cart Corporation's agreement with the bank was a guaranty of the debts of its customers and they contend that appellant is trying now to convert respondents' guaranty of National Cart Corporation's debts into a guaranty of the corporation's guaranty.

In view of the broad...

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