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RASCAR, INC. v. BANK OF OREGON

No. 77-565.

87 Wis.2d 446 (1978)

275 N.W.2d 108

RASCAR, INC., Plaintiff-Appellant, v. BANK OF OREGON, Defendant-Respondent.

Court of Appeals of Wisconsin.

Decided December 27, 1978.

Attorney(s) appearing for the Case

For the plaintiff-appellant there were briefs by Frederick F. Hillyer, Madison.

For the defendant-respondent there was a brief by Earl Munson, Jr. and Thomas A. Hoffner of La Follette, Sinykin, Anderson & Munson, Madison.

Before Gartzke, P.J., Bablitch and Dykman, JJ.

DYKMAN, J.

Simon (Sam) Bartus experienced financial difficulties as a result of rebuilding an automobile race track in Oregon, Wisconsin, in 1969. After foreclosure of the race track property was commenced, defendant Bank of Oregon was appointed receiver. In 1972, Bartus arranged for refinancing of the track, and hired Attorney George W. Corning to form Rascar, Inc. and to complete the refinancing arrangements. Bartus was president and Corning was secretary of Rascar...

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