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GRIES v. FIRST NAT. BANK OF MILWAUKEE

No. 75-859.

82 Wis.2d 774 (1978)

264 N.W.2d 254

GRIES, d/b/a Home Fashion Mart Company, and another, Appellants, v. FIRST WISCONSIN NATIONAL BANK OF MILWAUKEE, Respondent.

Supreme Court of Wisconsin.

Decided April 5, 1978.

Attorney(s) appearing for the Case

For the appellants the cause was submitted on the brief of William P. McGovern of Oak Creek.

For the respondent the cause was submitted on the brief of Robert A. Christensen, and Foley & Lardner of Milwaukee.

CONNOR T. HANSEN, J.

The plaintiffs had developed a small "home party plan" business for the sale of fabrics. This plan involved the presentation and sale of fabrics to small groups of women gathered in private homes at the invitation of the home occupants.

In late 1970, the plaintiffs decided to seek a loan to buy additional fabrics and to hire additional employees to expand their "home party plan" business. They presented their plan to two banks without...

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