General Motors Acceptance Corp. v. Daigle

MOISE, Justice.

General Motors Acceptance Corporation, alleging that it was the holder in due course of a negotiable note executed by John Daigle, and on which he refused to pay his second monthly installment, brought executory proceedings against a 1953 Chieftain Fordor Pontiac Sedan purchased by Daigle from the Louisiana Motors, Inc., which is the trade name for Larry Louviere, on which a chattel mortgage had been given to-secure the note herein involved.

Daigle was successful in resisting the-writ of seizure and sale and obtained a restraining order. He denied the allegations of plaintiff’s…