(Download) "Nissen v. Obde" by Supreme Court of Wisconsin ~ Book PDF Kindle ePub Free
eBook details
- Title: Nissen v. Obde
- Author : Supreme Court of Wisconsin
- Release Date : January 21, 1960
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 52 KB
Description
This is an action on a negotiable promissory note. On November 23, 1954, the appellants, Fred Obde and his wife, executed and delivered the note in question to Robert M. Schlemeyer in part payment for a certain apartment house. The note was secured by a mortgage on certain other realty. On March 23, 1955, the appellants notified Mr. Schlemeyer that they had discovered the apartment house to be infested with termites; therefore, they intended to make no further payments on the contract of purchase, but on the contrary would sue either for rescission of the contract or for damages. On April 25, 1955, Mr. Schlemeyer endorsed the note and negotiated it for value to the respondents, Glen Nissen and his wife. Upon appellants refusal to pay the note when due, this suit was commenced.