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HERITAGE BANK v. PACKELAND PACKING CO.

No. 75-467.

82 Wis.2d 225 (1978)

262 N.W.2d 109

HERITAGE BANK OF MILWAUKEE, Appellant, v. PACKERLAND PACKING COMPANY, INC., Respondent.

Supreme Court of Wisconsin.

Decided February 7, 1978.

Attorney(s) appearing for the Case

For the appellant there was a brief by Arthur M. Moglowsky and Bass, Goldstein, Moglowsky & Stein, S. C. of Milwaukee and oral argument by Arthur M. Moglowsky.

For the respondent there was a brief by Bernard Berk and Berk, Pressentin & Hoida of Green Bay, and oral argument by Bernard Berk.

CONNOR T. HANSEN, J.

During 1968, Packerland entered into a five-year lease agreement with Bloedow Truck Leasing Corporation for twenty truck tractors and trailers. The tractors were to be maintained and serviced by Bloedow. The purchase of the equipment was to be financed by the Peoples Bank of Green Bay. Peoples Bank financed the purchase of the first two units and the Security State Bank of Madison, which was an affiliate...

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