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SECURITIES INVESTMENT CO. OF ST. LOUIS v. GUILLOTTE

No. 2675.

223 So.2d 256 (1969)

SECURITIES INVESTMENT COMPANY OF ST. LOUIS, Plaintiff-Appellee, v. Ulysse J. GUILLOTTE and Mrs. Ulysse J. Guillotte, Defendants-Appellants.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied June 18, 1969.

Attorney(s) appearing for the Case

William E. Logan, Jr., Lafayette, for defendants-appellants.

William J. F. Gearheard, Lafayette, for plaintiff-appellee.

Before FRUGE, SAVOY and CULPEPPER, JJ.

SAVOY, Judge.

This is a suit on promissory note instituted by plaintiff against defendants. For a cause of action plaintiff alleged that it is the holder in due course for valuable consideration of a promissory note executed by defendants in favor of Figuretone of Lafayette in the principal sum of $559.20 dated November 29, 1966.

To this suit defendants filed an answer stating that plaintiff was not a holder in due course, and that it actually directed the...

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