Madisonville State Bank v. Glick
Louisiana Court of Appeal
1Opinion of the Court
PAINTER, Judge.
hThe Plaintiff, Madisonville State Bank (“MSB”), appeals the trial court’s judgment dismissing its action to collect under a commercial guaranty agreement pursuant to Marvin Glick’s exception of no right of action. Finding that it was error to use an exception of no right of action to raise affirmative defenses, we reverse and remand for further proceedings.
*264FACTS
On September 28, 1998, Lafayette South Limited Partnership (“the Partnership”) borrowed money from MSB and executed a promissory note for $2,549,563.50 in MSB’s favor secured by a mortgage of two motel properties (“the…
2Cases cited12 opinions
- Wischer v. Madison Realty CompanySupreme Court of Louisiana · 1956
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- Robin v. Allstate Ins. Co.Louisiana Court of Appeal · 2003
- Alside Supply Company v. RamseyLouisiana Court of Appeal · 1975
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