Lapice v. Clifton
Supreme Court of Louisiana
Appeal from the court of the second judicial district, for the parish of Terrebonne, the judge of the fourth presiding. This is au action by the indorsee against the maker of a promissory [153] note, indorsed in blank by the payee, and duly protested for non-payment.
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Appeal from the court of the second judicial district, for the parish of Terrebonne, the judge of the fourth presiding. This is au action by the indorsee against the maker of a promissory [153] note, indorsed in blank by the payee, and duly protested for non-payment. The defendant denied that the plaintiff was the legal owner and holder of the note, but averred that it was indorsed to him, and placed in his hands by R. J; Walker, tbe payee, who was the true owner, as collateral security, or for the purpose of conveying to Mm a conditional interest on Ms having to pay certain sums of money for…
1Opinion of the CourtGarland, J.
In August, 1836, Robert J. Walker, of Mississippi, sold to the defendant a large property in land and slaves, situated in the parish of Terrebonne, and to secure the payment of the price took from him ten notes, amounting to $190,000, falling due at different periods, among which was one for $17,500, drawn to order, payable March 1st, 1839, at the Union Bank of Louisiana. In April, 1837, the plaintiff having made advances to and come under acceptances for Walker to a large amount, received from him as collateral security, notes amounting to upwards of $67,000, and among them the note just…
2Cases cited3 opinions
- Maurin v. ChambersSupreme Court of Louisiana · 1840
- West v. WilsonSupreme Court of Louisiana · 1832
- Devlin v. His CreditorsSupreme Court of Louisiana · 1831
3Cited by1 opinion
- Bank of Eudora v. CroweLouisiana Court of Appeal · 1925