Vandervest v. Kauffman Pizza, Inc.
Wisconsin Supreme Court
1Opinion of the CourtBeilfuss, J.
The principal contention of the defendants-appellants-guarantors is that they were gratuitous guarantors or uncompensated sureties, 7 and as such they were entirely relieved of their obligation because of material change in the terms of the guaranty made without their consent. The rule is that a gratuitous surety or uncompensated guarantor is discharged of his obligation if there is a material change in the contract or obligation. 8 It is further true that if the contract of the gratuitous surety is ambiguous it must be liberally construed in favor of the gratuitous surety. 9
The…
2Cases cited9 opinions
- Stebane Nash Co. v. Campbellsport Mutual InsuranceWisconsin Supreme Court · 1965
- Ivers & Pond Piano Co. v. PeckhamWisconsin Supreme Court · 1966
- Hansche v. A. J. Conroy, Inc.Wisconsin Supreme Court · 1936
- Marlin Electric Co. v. Industrial CommissionWisconsin Supreme Court · 1967
- Sage v. StrongWisconsin Supreme Court · 1876
4 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Bank of Sun Prairie v. OpsteinWisconsin Supreme Court · 1979
- Select Creations, Inc. v. Paliafito America, Inc.District Court, E.D. Wisconsin · 1993
- Aetna Business Credit, Inc. v. Hart Ski Mfg. Co. (In Re Hart Ski Mfg. Co.)United States Bankruptcy Court, D. Minnesota · 1980
- Larkin v. JohnsonWisconsin Supreme Court · 1975
- John Deere Co. v. BabcockWisconsin Supreme Court · 1979
3 more not listed; retrieve them via the Exa API.