Hartford Accident & Indemnity Co. v. Wieker

SHERAN, Chief Justice.

This is an appeal from a judgment of the district court.

Appellants, Minnesota Federal Savings and Loan Association (Minnesota Federal) and its insurer, Hartford Accident and Indemnity Company, instituted this action against Elmer Wieker to recover approximately $90,000 loaned to Shakopee Mobile Homes, Inc. It was pleaded that Wieker was obligated under a contract of guaranty executed on April 27, 1971, which contained this provision:

“This guaranty shall be a continuing one that may be terminated only by notice sent to [Minnesota Federal] by Registered Mail * *

Wieker’s…