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ROCK RIVER LUMBER v. UNIVERSAL MORTG. CORP.

Nos. 75-281, 75-282.

82 Wis.2d 235 (1978)

262 N.W.2d 114

ROCK RIVER LUMBER CORPORATION, Plaintiff-Appellant, v. UNIVERSAL MORTGAGE CORPORATION OF WISCONSIN, Defendant-Respondent: ROCK RIVER DISTRIBUTORS, INC., and others, Defendants-Appellants: MINT ENTERPRISES, INC., and others, Defendants. UNIVERSAL MORTGAGE CORPORATION OF WISCONSIN, Plaintiff-Respondent, v. MINT ENTERPRISES, INC., Defendant: ROCK RIVER LUMBER CORPORATION, Defendant-Appellant.

Supreme Court of Wisconsin.

Decided February 7, 1978.

Attorney(s) appearing for the Case

For the appellants the cause was submitted on the briefs of Edward Grutzner and Grutzner, Byron & Holland, S. C. of Beloit.

For the respondent the cause was submitted on the brief of Stuart G. Grady of Port Washington.

CONNOR T. HANSEN, J.

The parties to this appeal and review raise a number of issues. After consideration of all issues presented, we believe the resolution of one issue is dispositive of this case and that the issue can properly be stated as follows:

Under the facts of this case, when Universal Mortgage Corporation of Wisconsin (hereinafter Universal) advanced money to discharge the existing mortgage of Wisconsin Savings and Loan Association of Milwaukee ...

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