Rosendale State Bank v. Holland

Stevens, J.(1) “The appellant was liable as maker to the plaintiff notwithstanding he was only an accommodation party.” Schoenwetter v. Schoenwetter, 164 Wis. 131, 135, 159 N. W. 737. Appellant was a person primarily liable because as a joint maker he was, by the terms of the note, absolutely required to pay the same. Sec. 116.01, Stats. Being a person primarily liable to pay the note he did not stand in the shoes of a surety and was not discharged by the extension of the time granted by the bank.(2) Appellant’s liability on the note was not discharged when the note was stamped “Paid” and…