Mandolfo v. Chudy

STATEMENT OF CASE

This is an action by Joseph Mandolfo and Nancy Mandolfo, two of six coguarantors of a $325,000 promissory note, who purchased an assignment of the note and guaranty, and commenced suit against John P. Chudy, one of the other four coguarantors, to recover the entire principal balance of the note and accrued interest.

SCOPE OF REVIEW

The issues in this case present questions of law, in connection with which an appellate court reaches a conclusion independent of the lower court’s ruling. McAllister v. Department of Corr. Servs., ante p. 910, 573 N.W.2d 143 (1998); Brams Ltd. v.…