A. I. C. Financial Corp. v. Commercial Units, Inc.

Two questions are presented on this appeal:

I. Can a cognovit judgment be rendered in Wisconsin against a guarantor of payment of a promissory note under sec. 270.69, Stats. 1965?

II. Does a satisfaction of a judgment of foreclosure or a release of a money judgment lien constitute an admission by the judgment creditor that the adjudicated money obligation has been satisfied?

The facts, briefly stated, are as follows:

On April 30, 1965, the A.I.C. Financial Corporation (hereinafter referred to as AIC) loaned the sum of $100,-*72000 to Commercial Units, Incorporated (hereinafter referred to as…