People's Bank & Trust Co. v. Sanitarium
Supreme Court of Louisiana
Appeal from Seventeenth Judicial District Court, Parish of Vermillion; W. P. Edwards, Judge. Action by the People’s Bank & Trust Company against the Fenwick Sanitarium, Limited, and others; and Noemie Roy intervenes. From a judgment for defendants and intervener, plaintiff appeals.
1Opinion of the CourtBreaux, C. J.
Plaintiff, owner of a series of notes, brought this suit to foreclose by ordinary process the mortgage by which they were secured.
These notes were signed by the defendant to its own order and by it indorsed. They were also signed by Dr. F. F. Young. The last two of the series of these notes were signed by 15 others as indorsers.
The president of the company, Mr. McPherson, refused to defend the suit for the reasons hereafter stated.
The indorser, Dr. F. F. Young, filed a general denial for himself as indorser and as a shareholder of the corporation, owning nearly all of the shares. He denied…
2Cases cited2 opinions
- Byrne, Vance & Co. v. GraysonSupreme Court of Louisiana · 1860
- Bank of Louisiana v. BriscoeSupreme Court of Louisiana · 1848
3Cited by12 opinions
- Meadow Brook National Bank v. RecileDistrict Court, E.D. Louisiana · 1969
- Lubbock Hotel Co. v. Guaranty Bank & Trust Co.Court of Appeals for the Fifth Circuit · 1935
- Matter of Executive Office Centers, Inc.United States Bankruptcy Court, E.D. Louisiana · 1988
- Baker v. ButcherCalifornia Court of Appeal · 1930
- Medical Arts Bldg. Co. v. Southern Finance & Development Co.Court of Appeals for the Fifth Circuit · 1929
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