Legal Opinion
Fid. Bank v. Vaughn
Louisiana Court of Appeal
Decided June 5, 2019No. CA 19-47PublishedCited by 1 opinion
1Opinion of the Court
PICKETT, Judge.
*93A personal surety appeals the trial court's judgment granting summary judgment against him in favor of the holder of two promissory notes for which he guaranteed payment. As discussed below, the trial court's judgment is reversed, and the matter is remanded to the trial court.
FACTS
In 2013, Lloyd Vaughn entered into a business venture for the development of a residential development in Fort Mitchell, Alabama. Mr. Vaughn signed a personal guaranty guaranteeing the debt of Westgate Homes, L.L.C., which consisted of two promissory notes, with The Bank of Georgia (The Bank).…
2Cases cited27 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Smith v. Our Lady of the Lake Hospital, Inc.Supreme Court of Louisiana · 1994
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Hines v. GarrettSupreme Court of Louisiana · 2004
- Willis v. MeddersSupreme Court of Louisiana · 2000
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3Cited by1 opinion
- Kimberly Rogers v. Walk-On's Bistreaux and BarLouisiana Court of Appeal · 2021