Legal Opinion
Bank of Jena v. Robbie's Auto Body, Inc.
Louisiana Court of Appeal
Decided June 23, 1993No. 24814-CAPublishedCited by 2 opinions
1Opinion of the Court
BROWN, Judge.
In 1988, Robbie’s Auto Body Shop, Inc. (Robbie’s Auto), executed and delivered to the Bank of Jena (Bank) a promissory note in the amount of $92,996.23. This note was endorsed and guaranteed by Robbie McNe-mar, Debbie McNemar and Julius A. McNe-mar. The note was secured by various collateral mortgages, one of which covered land and improvements used as a shop by Robbie’s Auto.
Because of a prior history of fire loss, Robbie’s Auto was uninsurable; however, the Bank purchased a special policy of insurance to cover the body shop from Voyager Guaranty Insurance Company (Voyager). The…
2Cases cited11 opinions
- Lima v. SchmidtSupreme Court of Louisiana · 1992
- Boulos v. MorrisonSupreme Court of Louisiana · 1987
- Tedesco v. Gentry Development, Inc.Supreme Court of Louisiana · 1989
- Interstate Electric Co. v. Frank Adam Electric Co.Supreme Court of Louisiana · 1931
- Emery v. CabralLouisiana Court of Appeal · 1981
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3Cited by2 opinions
- Griffin v. Audubon Ins. Co.Louisiana Court of Appeal · 1994
- Hampton v. Audubon Insurance Co.Louisiana Court of Appeal · 2007