Legal Opinion
William Latham Leeds, Independent of the Estate of John R. Neece, Deceased v. Whitney National Bank of New Orleans
Court of Appeals for the Fifth Circuit
Decided April 4, 1967No. 22820PublishedCited by 5 opinions
1Opinion of the Court
JONES, Circuit Judge:
On September 12, 1961, John R. Neece executed and delivered to the Whitney National Bank of New Orleans a continuing guaranty in the amount of $29,680.36 of any indebtedness of General Flooring Company to the Bank. The Bank took other like guaranties and these, with the Neece guaranty, were of an aggregate amount of $1,000,000. The guaranties were rather lengthy documents which, in part, provided:
“[T]he payment [is guaranteed] up to the full sum of $29,680.36, of any indebtedness, direct or contingent, of said Debtor [General Flooring] to said bank, including, but without…
2Cases cited5 opinions
- Buckeye Cotton Oil Co. v. AmrheinSupreme Court of Louisiana · 1929
- Interstate Trust & Banking Co. v. SabatierSupreme Court of Louisiana · 1937
- Hope v. First Nat. Bank & Trust Co.Supreme Court of Louisiana · 1941
- Lee Tire & Rubber Co. v. Frederick-Planche Motor Co.Louisiana Court of Appeal · 1938
- Interstate Electric Co. v. TuckerSupreme Court of Louisiana · 1941
3Cited by5 opinions
- Brand v. CommissionerUnited States Tax Court · 1983
- Commercial National Bank in Shreveport v. Pipe Sales of Shreveport, Inc.Louisiana Court of Appeal · 1992
- In re Estate of StalcupCourt of Appeals of Tennessee · 1981
- Publicker Distillers Products, Inc. v. Pelican State Distributors, Inc.District Court, E.D. Louisiana · 1980
- Brand v. CommissionerUnited States Tax Court · 1983