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LOUISIANA BANK AND TRUST CO., CROWLEY v. BOUTTE

No. 55332.

309 So.2d 274 (1975)

LOUISIANA BANK AND TRUST COMPANY, CROWLEY, Louisiana v. Mrs. Jewel B. BOUTTE et al.

Supreme Court of Louisiana.

Rehearing Denied March 31, 1975.

Attorney(s) appearing for the Case

Donald J. Tate, Tate & Tate, Mamou, for defendant-applicant.

Oscar W. Boswell, Reggie, Harrington & Boswell, Homer Ed Barousse, Jr., Edwards, Stefanski & Barousse, Crowley, for plaintiff-respondent.

DIXON, Justice.

Louisiana Bank and Trust Company of Crowley sued Rex Rice Company, Inc. and Lake Rice Mill, Inc., claiming a balance due on promissory notes in the amount of over $600,000, and joined in the same suit defendant Matthew L. Hanagriff and three other persons under "continuing guaranty" agreements, alleging that the defendants were liable for the debts of Rex Rice Company, Inc., the principal debtor.

While the case was pending, a compromise agreement...

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