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LOUISIANA BANK & TRUST COMPANY v. BOUTTE

No. 4596.

298 So.2d 884 (1974)

LOUISIANA BANK & TRUST COMPANY, Plaintiff-Appellee, v. Mrs. Jewel B. BOUTTE et al., Defendants-Appellants.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied September 4, 1974.

Attorney(s) appearing for the Case

Donald J. Tate of Tate & Tate, Mamou, for defendants-appellants.

Reggie & Harrington by Oscar W. Boswell, II, Crowley, and Edwards, Stefanski & Barousse by Homer E. Barousse, Jr., Crowley, for plaintiff-appellee.

Before FRUGÉ, DOMENGEAUX, and WATSON, JJ.

FRUGÉ, Judge.

This action arises out of a suit instituted by plaintiff against several signatories to a continuing guaranty executed in plaintiff's favor on May 18, 1962. Subsequent to this date, and prior to institution of this suit, a compromise agreement hereinafter referred to, was entered into by and between plaintiff and certain signatories to the above continuing guaranty. Defendant relied upon said agreement...

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