Hibernia Nat. Bank v. National Bank of Commerce

ROGERS, Justice.

This is a suit wherein the Hibernia National Bank in New Orleans (hereinafter referred to as Hibernia Bank) seeks to recover $100,000, with interest, from the National Bank of Commerce in New Orleans (hereinafter referred to as Bank of' Commerce). Hibernia Bank’s action ' is founded on the guaranty by the Bank of Commerce of the endorsement of a cashier’s check for the amount sued for, issued by Hibernia Bank to the order of Louisiana State University and Agricultural and Mechanical College (hereinafter referred to as Louisiana State University).

Hibernia Bank alleges that on…