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Contracts Keyed to Kuney
Salsbury v. Northwestern Bell Telephone
Citation:
221 N.W.2d 609 (1974).Facts
Plaintiff was the first and only chairman of Charles City College, a college that was proposed to be built in Charles City, Iowa. A professional fund raiser negotiated with Daryl V. Winder, a manager for defendant, for a subscription from defendant. Winder failed to use the pledge card from the kit of forms provided to him and, instead, wrote a letter to the fund raiser stating that the defendant would contribute $15,000 over a three year period with the first payment to be made in 1968. The letter was treated by all parties the same as a pledge card. The plaintiff executed a personal guaranty in order to gain credit with the subscriptions securing the obligation. The college failed after a short period of operation and prior to any payment being made on the defendant’s subscription.
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