Zuehlke v. Engel

The words “for value received we hereby guarantee the payment of the within note at maturity or any time thereafter with interest at the rate of seven per cent per annum until paid” are appropriate to express an intention to be bound as guarantors, and persons signing such an undertaking have not signed as indorsers. The additional words “waiving demand of payment, protest and notice of protest” do not change the character of the contract. The controlling language is practically identical with that held to be a contract of guaranty in Farmers State Bank v. Hansen (1921), 174 Wis. 100, 182 N.…