Foreman v. General Electric Credit Corp.

DOMENGEAUX, Judge.

Defendant-appellant, General Electric Credit Corporation, financed plaintiff-ap-pellee’s vessel which was purchased by the latter from National Boat Mart, Inc. of Lake Charles. The vessel’s hull was subsequently damaged at a time when there was no hull insurance in effect. Claiming that defendant negligently failed to obtain hull insurance as was its obligation under the finance agreement, plaintiff filed suit.

The district court held that General Electric Credit Corporation was negligent in failing to notify plaintiff of the absence of hull insurance coverage and awarded…