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ASSOCIATES FINANCIAL SERVICES v. EISENBERG

No. 104.

51 Wis.2d 85 (1971)

186 N.W.2d 272

ASSOCIATES FINANCIAL SERVICES COMPANY, INC., Respondent, v. EISENBERG, Appellant.

Supreme Court of Wisconsin.

Decided May 4, 1971.

Attorney(s) appearing for the Case

For the appellant there were briefs and oral argument by Donald S. Eisenberg of Madison, in pro per.

For the respondent there was a brief by Grutzner & Jaeckle of Beloit, and oral argument by Edward E. Grutzner.

HALLOWS, C. J.

The facts are not in dispute. On May 27, 1965, Northern loaned DEC $56,605.20. The loan was secured by a chattel mortgage on two used airplanes owned by DEC and by personal guaranty of its president Robert P. Fleming and his wife Barbara L. Fleming. Eisenberg was a director of DEC at the time but was not a party to this transaction. On the following August 10th a second loan was made by Northern to DEC in the sum of $50,000 which was secured by a chattel...

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