St. Regis Paper Co. v. Wicklund

Wicklund Builders, Inc., and its president, defendant Vernon Wicklund, had done business with plaintiff St. Regis Paper Company for several years on an open account basis. Wicklund agreed with Ralph Munger, credit manager of St. Regis, to sign a promissory note for certain past due amounts. Munger filled in the blank spaces of the standard form note and wrote "personal guaranty" in a blank space in a paragraph referring to security for the note. He later crossed out these words, initialed the change, and substituted the word "none". Wicklund signed the note without designating that he was…