Spellbrink v. Bramberg

To sustain the position that the bar of the statute of limitations does not apply, plaintiff's counsel argues that liability under this guaranty is broader in scope than the liability of the principal and must be construed to remain in force and effect until payment is made. It is also argued that all loans constitute but one account under the guaranty and the statute would not run until maturity of the last item. We are unable to agree with counsel’s position. While the language of the guaranty should be examined for the purpose of determining its intent and purpose, there is nothing in the…