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GUARANTY B. & T. CO. OF ALEXANDRIA v. C & R DEVELOP. CO.

No. 51369.

258 So.2d 543 (1972)

260 La. 1176

GUARANTY BANK & TRUST COMPANY OF ALEXANDRIA, Louisiana v. C & R DEVELOPMENT COMPANY, Inc. and Robert E. Clark.

Supreme Court of Louisiana.

February 21, 1972.

Attorney(s) appearing for the Case

Polk, Foote, Randolph & Percy, Edward G. Randolph, Jr., Lamar Polk, Alexandria, for defendants-appellees-relators.

Provosty & Sadler, Richard B. Sadler, Jr., Alexandria, for plaintiff-respondent.

DIXON, Justice.

Plaintiff, Guaranty Bank & Trust Company of Alexandria, Louisiana, instituted suit on a promissory note upon which the balance due was stipulated to be $1,840.30. Named as defendants were the C & R Development Company, Inc. (hereinafter called the corporation) and Robert E. Clark, a shareholder of the corporation. Clark made no appearance and a default judgment was taken against him. The corporation answered and filed a reconventional demand...

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