Fisher v. New Orleans Coffee Co.

WESTERFIELD, Judge.

This is a suit on a letter of guaranty for $1,539'.15. There was judgment below in favor of defendant, and plaintiff has appealed.

The facts in the case, as developed in the record, are as follows:

The Assumption Sugar Company, Inc., owned and operated a sugar plantation and sugar refinery near Napoleonville, La. It had for several' years a contract with the Celotex Company for the sale of its waste product, or bagasse. This .contract - the Celotex Company desired to cancel and, in 1931, it paid the Assumption Sugar Company $15,000 for agreeing to its cancellation. In order…