Commercial Credit Corp. v. Vincent

There is no evidence in this record to support the finding that the payee Albert LeBlanc Mobile Homes, Inc. authorized its president, Albert LeBlanc, Jr., to endorse and transfer Vincent’s promissory note. This was the defense to Commercial Credit Corporation’s suit for a deficiency judgment. At trial, Commercial Credit did not prove that Albert LeBlanc Mobile Homes, Inc. had authorized its president to sell notes made payable to its order. If Albert LeBlanc, Jr. was authorized to sign for the corporation, Commercial Credit could have established that fact.

We have held that executory process…