Fiberglass Pipe & Specialty, Inc. v. Acadiana Bank

YELVERTON, Judge.

This is a suit to enforce what plaintiff argues was a contract of suretyship. The defendant Acadiana Bank denied a surety-ship. The trial court agreed with the defendant. We affirm.

L.J. Vidrine Contractors, Inc., wanted to buy some manholes from Fiberglass Pipe & Specialty, Inc. Vidrine Contractors’ financial condition was not good, so Fiberglass got the following letter from Vidrine Contractors’ banker:

“Mr. Ed Swain

General Manager

Fiberglass Pipe & Specialty, Inc.

Post Office Box 474

Rayne, Louisiana 70578

Re: L.J. Vidrine Contractors, Inc.

Dear Ed:

This letter is to assure you…