First Commerce Realty Investors v. K-F Land Co.

J. CURTISS BROWN, Chief Justice.

This appeal presents the conflicts of law question of whether the Louisiana Deficiency Judgment Act 1 applies so as to prevent the deficiency judgment sought here. Not surprisingly, the question is easier stated than answered.

First Commerce Realty Investors (FCRI or appellant) appeals from a summary judgment rendered in favor of K-F Land Company (K-F Land or maker), Mark Lee (Lee), C.R. Royal (Royal), and R.A. Lile (Lile) (or appellees).

In March 1974, FCRI made a $1,561,-000.00 loan to K-F Land Company. The promissory note evidencing the loan was guaranteed by…