Baton Rouge Bank & Trust Co. v. Roland W. Laurent & Associates, Inc.

LABORDE, Judge.

Appellant, Roland W. Laurent & Associates, Inc. (Associates), appeals the summary judgment granted in favor of The Land and Offshore Company (L & 0). The trial court dismissed L & 0 from suit with prejudice. Associates asserts that a genuine issue of material fact exists as to L & O’s duty to remit funds paid by Associates— not for a corporate debt — but for the debt of another. In essence, Associates alleges that L & 0 was in bad faith when it accepted the payment without further inquiry.

FACTS

Baton Rouge Bank & Trust Company (Bank) is the payee and holder in due course of a…