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ALLIED BUILDING CREDITS v. PEIRCE

No. 20458.

79 So.2d 403 (1955)

ALLIED BUILDING CREDITS, Inc. v. Oliver A. PEIRCE and Anastasia S. Peirce.

Court of Appeal of Louisiana, Orleans.

April 11, 1955.

Attorney(s) appearing for the Case

Cronvich & Ciaccio, New Orleans, for plaintiff-appellant.

Lemle & Kelleher and Charles Kohlmeyer, Jr., New Orleans, for defendants-appellees.

JANVIER, Judge.

Allied Building Credits, Inc., alleges that it is the holder and owner for value and in due course and before maturity of a promissory note executed by Oliver A. Peirce and his wife, Anastasia S. Peirce; that the said note is payable in monthly installments; that it contains an acceleration clause under which all installments automatically matured if any one should not be paid at maturity; that the first installment is due and unpaid and that accordingly...

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