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GUNNISON v. KAUFMAN

271 Wis. 113 (1955)

GUNNISON and wife, Respondents, vs. KAUFMAN, Appellant.

Supreme Court of Wisconsin.

November 8, 1955.

Attorney(s) appearing for the Case

For the appellant there was a brief and oral argument by Harlan W. Kelley of Baraboo, attorney, and Wayne W. Martin of Madison of counsel.

For the respondents there was a brief by Langer & Cross of Baraboo, and oral argument by Clyde C. Cross.

FAIRCHILD, C. J.

On November 6, 1952, at the time appellant S. J. Kaufman agreed to take over the corporation and pay certain obligations of Gunnison to the Reedsburg Bank, Gunnison was obligated to that bank on the following notes:

(1) An unsecured judgment note dated October 6, 1952, due December 2, 1952, for $7,000, with interest thereon at five per cent.

(2) A note dated October 6, 1949, due October 6, 1954, secured by a first real-estate mortgage...

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