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C. I. T. CORPORATION v. J. B. LEE TRACTOR & IMPLEMENT CO.

No. 10846.

204 So.2d 106 (1967)

C. I. T. CORPORATION, Plaintiff-Appellee, v. J. B. LEE TRACTOR & IMPLEMENT COMPANY, Inc., et al., Defendants-Appellees, Commercial Credit Equipment Company, Intervenor-Appellant.

Court of Appeal of Louisiana, Second Circuit.

Rehearing Denied November 28, 1967.

Writ Refused February 2, 1968.

Attorney(s) appearing for the Case

Hebert, Glusman & Moss, Baton Rouge, for appellant.

Lunn, Irion, Switzer, Trichel & Johnson Shreveport, James B. Wells, Bossier City, Sydney B. Nelson, Shreveport, for appellee.

Before GLADNEY, AYRES and BOLIN, JJ.

BOLIN, Judge.

C. I. T. Corporation brought suit against J. B. Lee Tractor and Implement Company and against Arvin Conner, a non-resident, seeking $14,877.12 representing the sum advanced on March 21, 1966, to defendant company as consideration for the latter's assignment of its lease to Conner of certain heavy equipment. Concurrent with assignment of the lease, and as security therefor, Lee Tractor Company also assigned...

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