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GENERAL FINANCE CORP. OF NEW ORLEANS v. YGLESIAS

No. 7808.

230 So.2d 468 (1969)

GENERAL FINANCE CORPORATION OF NEW ORLEANS, Plaintiff-Defendant in Reconvention-Appellee. v. Raymond YGLESIAS et al., Defendant-Plaintiff in Reconvention-Appellant.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied February 2, 1970.

Attorney(s) appearing for the Case

Richard E. Burton, Baton Rouge, for appellant.

George R. Covert, Baton Rouge, for appellee.

Before LANDRY, SARTAIN and ELLIS, JJ.

SARTAIN, Judge.

This cause involves a verbal contract wherein General Finance Corporation of New Orleans (appellee) agreed to extend a line of credit to Raymond Yglesias d/b/a Raymond's Auto Sales (appellant). When appellant failed to pay certain notes which were secured by chattel mortgages on his remaining stock of automobiles, appellee instituted suit. Appellant reconvened alleging that appellee had breached its contract with him, causing him to lose his business...

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