The Marshall National Bank and J.L. Clark v. Norwel Equipment Company

EDWIN F. HUNTER, Jr., District Judge:

This Louisiana diversity action was filed by the Marshall National-Bank on January 12, 1983, seeking recovery for the entire balance allegedly due on an installment note executed on February 13, 1979, in the original principal sum of $82,063.68. The note was executed by Gordon Williams and J.L. Clark as co-makers. Defendant, Norwel Equipment Company, was not in any manner a party to the transaction or a signatory on the note. The sole and only cause of action stated by the plaintiffs against Norwel is premised on La.Rev.Stat. Ann. § 9:5362 (West 1983). 1…