BEER, Judge.
On September 21, 1967, defendant-appellee, Jack Perry borrowed $150,000 from the Bank of New Orleans and Trust Company, (hereafter, BNO) and executed a promissory note, payable on demand, in that amount. Commensurate therewith, John F. Austin, Jr., plaintiff-appellant, executed a separate continuing guarantee agreement in favor of BNO.
Perry defaulted on the note and Austin was called by BNO under the continuing guarantee agreement. In response...
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