Tucker v. Legette

W.B. LeGette, under date of September 29, 1932, guaranteed in writing the payment of a loan of $1,500 which W.B. Tucker made to the Caddo Arms Cycle Company of Shreveport, Louisiana.

On August 17, 1934, the named individuals entered into a written contract respecting the guaranty, and thereunder LeGette pledged certain property to Tucker to secure the payment of the mentioned indebtedness. Included was a mortgage note signed by LeGette for $1,500, dated August 17, 1934, and due one year thereafter.

Tucker on October 5, 1938, instituted a suit against LeGette alleging a breach of the pledge…