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A. I. C. FINANCIAL CORP. v. COMMERCIAL UNITS, INC.

No. 75-22.

74 Wis.2d 70 (1976)

245 N.W.2d 923

A. I. C. FINANCIAL CORPORATION, Respondent, v. COMMERCIAL UNITS, INCORPORATED, Defendant: LOZOFF, Defendant-Appellant.

Supreme Court of Wisconsin.

Decided October 5, 1976.

Attorney(s) appearing for the Case

For the appellant there were briefs by Hunter & Tikalsky and oral argument by James R. Sommers, all of Waukesha.

For the respondent there was a brief by Ned R. Nashban and Howard, Peterman & Eisenberg of Milwaukee, and oral argument by Mr. Nashban.

ABRAHAMSON, J.

Two questions are presented on this appeal:

I. Can a cognovit judgment be rendered in Wisconsin against a guarantor of payment of a promissory note under sec. 270.69, Stats. 1965?

II. Does a satisfaction of a judgment of foreclosure or a release of a money judgment lien constitute an admission by the judgment creditor that the adjudicated money obligation has been satisfied?

The facts, briefly stated, are as follows:

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