Baumgarten v. Bubolz

J & J Rec. Corp. and Bud Mews appeal from a judgment holding them jointly and severally liable to indemnify Thomas Lonsway for claims arising out of J & J’s default on a land contract. The issues are:(1) Is Mews’s guaranty of J & J’s debt void because Lonsway misrepresented the amount due on the land contract and, if not, is Mews’s liability limited to the amount Lonsway represented to be due?(2) Is the method used to calculate the amount of interest due on the land contract correct?(3) Is the finding that fair value was received for property sold at a foreclosure sale supported by the…