Legal Opinion
First Guaranty Bank v. Pelican State Mutual Insurance Co.
Louisiana Court of Appeal
Decided November 22, 1991No. 90 CA 1724PublishedCited by 4 opinions
1Opinion of the Court
CRAIN, Judge.
Billy F. Hawkins and his wife, Robbie Sue Mason Hawkins, purchased by credit deed a commercial building and the immovable property on which it was located. The purchase price was $315,250. Hawkins paid $50,000 in cash and signed two promissory notes payable to sellers in the sums of $209,000 and $56,250 respectively. The property was purchased from Mr. and Mrs. Glen Reid and Mr. and Mrs. Glen Gabriel Reid. The Reids had several years earlier executed a promissory note in the sum of $200,000 and a mortgage on the property in favor of First Guaranty Bank (Bank). Thus, the Bank held…
2Cases cited4 opinions
- Steinbach v. BarfieldLouisiana Court of Appeal · 1983
- Sbisa v. American Equitable Assur. Co.Supreme Court of Louisiana · 1942
- Bohn v. La. Farm Bur. Mut. Ins. Co.Louisiana Court of Appeal · 1986
- Clifton v. LOUISIANA FARM BUREAU CAS. INS. CO.Louisiana Court of Appeal · 1987
3Cited by4 opinions
- Williams v. United Fire and Cas. Co.Louisiana Court of Appeal · 1991
- B. BENNETT MFG. v. SC Ins. Co.Louisiana Court of Appeal · 1997
- First Guaranty Bank v. Pelican State Mutual Insurance Co.Supreme Court of Louisiana · 1992
- MacNair v. Chubb European Group SEDistrict Court, E.D. Louisiana · 2025