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SECURITY S. & L. ASSO. v. WAUWATOSA COLONY

No. 596 (1974).

71 Wis.2d 174 (1976)

237 N.W.2d 729

SECURITY SAVINGS & LOAN ASSOCIATION, Appellant, v. WAUWATOSA COLONY, INC. and another, Respondents.

Supreme Court of Wisconsin.

Decided February 3, 1976.

Attorney(s) appearing for the Case

For the appellant there were briefs by Schoendorf & Schoendorf of Milwaukee, and oral argument by Joseph F. Schoendorf.

For the respondent there was a brief by Charles L. Goldberg and Francis X. Krembs of Milwaukee, and oral argument by Francis X. Krembs.

CONNOR T. HANSEN, J.

For the purposes of this appeal, the plaintiff will be identified as "Security" and the defendants as "Callan."

On July 31, 1962, Callan executed a mortgage note with Sherman Savings and Loan, the predecessor of plaintiff-Security Savings, in the amount of $114,000. Callan is engaged in the real estate business. He had entered into a number of similar business transactions with Sherman Savings...

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