Reconstruction Finance Corp. v. Mickelberry

FOURNET, Justice.

This suit was instituted by the Reconstruction Finance Corporation as holder and pledgee of two promissory notes secured by a continuing guaranty against the guarantors for the payment of the balance due on the notes in principal, interest, and attorney’s fees. Defendants filed exceptions of no cause or right of action, which were sustained by the lower court, and the plaintiff has appealed.

Plaintiff alleged that it was the holder and owner, as pledgee, for value before maturity, of two certain promissory notes (with supporting collateral), executed by the Roseland Box…