Smith v. Macon Ridge Nat. Bank
Supreme Court of Louisiana
Appeal from Seventh Judicial District Court, Parish of Richland; John R. McIntosh, Judge. Suit by W. E.' Smith against the Macon Ridge National Bank. Judgment for defendant, and plaintiff appeals.
1Opinion of the CourtOverton, J.
Plaintiff has instituted this suit to recover of defendants, the Macon Ridge National Bank, $75,649.99, with legal interest thereon from judicial demand. His cause of action is based on the alleged fact that the bank, defendant herein, without authority, and even contrary to his instructions, sold at private sale 312 bales of cotton, which he had pledged to it to secure the payment of money that he had borrowed, with which to pay for the cotton. The defense is that the bank was authorized by plaintiff to sell the property pledged, and that the sale was made with the knowledge, acquiescence,…
2Cited by1 opinion
- Rembert v. Fenner & BeaneSupreme Court of Louisiana · 1937