Bishop v. Genz

This appeal presents two very narrow issues, and the answer to neither is in serious doubt.(1) From what time does the statute of limitations run against a guarantor of payment? It is elementary that a statute of limitations begins to run against a remedy at the time when the cause of action accrues, and that “a cause of action accrues where there exists a claim capable of present enforcement, a suable party against whom it may be enforced, and a party who has a present right to enforce it.” Barry v. Minahan, 127 Wis. 570, 107 N. W. 488. Under the terms of this guaranty a right of action was…