Legal Opinion
Proctor v. Opelousas Ins. Agency, Inc.
Supreme Court of Louisiana
Decided November 26, 1934No. 32914PublishedCited by 4 opinions
1Opinion of the Court
HIGGINS, Justice.
This is a suit by the payee and holder of two certain promissory notes, one for the sum of $2,864.58, dated December 29, 1928, payable on or before December 1, 1929, and the other for the sum of $1,116.99, dated January 7, 1930, payable on or before September 1, 1930. against the defendant corporation as accommodation indorser of the notes, the indorsements having been made by its president and manager.
The defenses were: (1) That the indorsements were neither expressly nor impliedly authorized and no benefit or advantage was derived by the corporation from them; and (2) that…
2Cases cited4 opinions
- Robert Gair Co. v. Columbia Rice Packing Co.Supreme Court of Louisiana · 1909
- Louisiana State Bank v. Orleans Navigation Co.Supreme Court of Louisiana · 1848
- Scharfenstein & Sons, Inc. v. Item Co.Supreme Court of Louisiana · 1932
- Cook v. Ruston Oil Mills & Fertilizer Co.Supreme Court of Louisiana · 1930
3Cited by4 opinions
- FIRST NAT., ETC. v. Pine Belt Producers Co-OpLouisiana Court of Appeal · 1978
- Exxon Corp. v. BarryLouisiana Court of Appeal · 1980
- Daly v. Opelousas Ins. Agency, Inc.Supreme Court of Louisiana · 1934
- Baton Rouge Bank & Trust Co. v. Roland W. Laurent & Associates, Inc.Louisiana Court of Appeal · 1987