[DOWNLOAD] "Crown Life Insurance Company v. Jack L" by Supreme Court of Wisconsin # eBook PDF Kindle ePub Free

eBook details

Title: Crown Life Insurance Company v. Jack L
Author : Supreme Court of Wisconsin
Release Date : January 01, 1983
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 61 KB

Description

This is an appeal from a judgment entered in favor of the plaintiff in an action to enforce a guaranty. The action was commenced by the Crown Life Insurance Company (Crown) against Jack LaBonte demanding $45,000 pursuant to a contractual guaranty. The guaranty was executed as part of a $180,000 loan made by Crown to Diversified Holdings, Inc. (Diversified). The promissory note executed on June 15, 1971, was originally between Diversified and Richter-Schroeder Company, Inc., Crown's loan correspondent, and was secured by a mortgage on an apartment building. Richter-Schroeder lent the $180,000 to Diversified to provide the construction financing for a 20-unit apartment building to be constructed in Milwaukee. After the construction was completed the note and mortgage were assigned to Crown. As contemplated in the original transaction, Crown provided the permanent financing.

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