First Wisconsin National Bank of Oshkosh v. Kramer

The major questions to be answered on this appeal involve the nature of the individual guaranties given by these appellants to the respondent bank. The individual guaranties provide in part: “Notice of the acceptance of this guaranty and notice of any and all proceedings to collect from the principal debtor or anyone else, and any and all diligence of collection and presentation, demand, notice and protest of every kind, are hereby waived.” Also: “Said Bank need take no steps whatsoever to realize on any securities held by it, and from time to time and without notice may surrender or release…