Hybertsen v. Reimann

This is an action brought against the accommodation makers of three promissory notes. The case was tried to the court without a jury. Defendants appeal from a judgment for plaintiff.

Mr. and Mrs. L. E. Klumpp sold certain property to Hallmark, Inc., taking back three corporate notes secured by a second mortgage. The notes were also signed by defendants as individuals to provide the Klumpps with additional security. Hallmark, Inc. became bankrupt and the property securing the notes was assigned to the trustee in bankruptcy. Plaintiff purchased from the trustee in bankruptcy a two percent…