Legal Opinion
Loubat Glassware & Cork Co. v. Pier Orleans, Inc.
Louisiana Court of Appeal
Decided April 11, 1983No. 82-CA-162PublishedCited by 1 opinion
1Opinion of the Court
DUFRESNE, Judge.
This is a suit for deficiency judgment against an accommodation maker of a promissory note. The case is before us on appeal from a judgment in the trial court granting the Loubat Glassware & Cork Co., Ltd. (plaintiff) a deficiency judgment on a promissory note against Lionel E. Flotte, Jr. (defendant).
Most of the essential facts are undisputed. On June 2, 1975, Pier Orleans, Inc., negotiated to purchase kitchen and restaurant equipment from the plaintiff in the amount of $102,039.26, less a down payment of $25,000.00 plus precomputed interest over a sixty month period. This…
2Cases cited3 opinions
- Preferred Investment Corporation v. DensonLouisiana Court of Appeal · 1971
- United Loan Corp. v. KyerLouisiana Court of Appeal · 1951
- AMERICAN NAT. BANK OF CHEYENNE, WYOMING v. GambleLouisiana Court of Appeal · 1975
3Cited by1 opinion
- Loubat Glassware & Cork Co. v. Pier Orleans, Inc.Supreme Court of Louisiana · 1983