[Download] "Consolidated Electrical Distributors Inc. v. Gier" by Supreme Court of Wisconsin # Book PDF Kindle ePub Free

eBook details

Title: Consolidated Electrical Distributors Inc. v. Gier
Author : Supreme Court of Wisconsin
Release Date : January 20, 1979
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 69 KB

Description

May a written guaranty be orally, mutually terminated? Defendant Gregory Gier started an electric service business known as Gregs A-1 Electric. He obtained a line of credit from plaintiff Consolidated Electrical Distributors, Inc. (CED), but only after Gregory Giers father, Robert L. Gier, signed on January 21, 1976, a guaranty of his sons account. By its terms, CED would not be required to proceed against the purchaser (Gregory) as a condition precedent to enforcing the guaranty. The guaranty also provided that it would remain in full force and effect until written revocation was received, which revocation would only affect indebtedness thereafter incurred and would only relieve the person giving the notice.