Baton Rouge Bank & Trust Co. v. Coleman

SHORTESS, Judge.

This is a suit on behalf of Baton Rouge Bank and Trust Company (Bank) to recover the full amount of a continuing guaranty executed by Robert E. Coleman (defendant) on April 7, 1982, for an extension of credit by the Bank to Trafton Academy.1 A judgment in favor of the Bank against Trafton was rendered in trial court on October 7, 1985. Demand pursuant to the guaranty was made on August 12,1985. Thereafter, these proceedings were brought.

Defendant brought a third party demand against the transferees and current owners of Trafton Academy on the basis of noncompliance with the…