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NATIONAL PAC. CORP. v. AMERICAN COM. FIN. CORP.

No. 11456.

348 So.2d 735 (1977)

NATIONAL PACIFIC CORPORATION et al. v. AMERICAN COMMONWEALTH FINANCIAL CORPORATION et al.

Court of Appeal of Louisiana, First Circuit.

July 11, 1977.

Attorney(s) appearing for the Case

Virgil M. Wheeler, Jr., New Orleans, of counsel for plaintiff-appellant, National Pacific Corp. and Joseph Hauser.

Van R. Mayhall, Jr., Baton Rouge, of counsel for defendant-appellee, American Commonwealth Financial Corp.

Frank M. Coates, Jr., Baton Rouge, of counsel for defendant-appellee, Louisiana Nat. Bank Bldg.

Before SARTAIN, COVINGTON and LOTTINGER, JJ.

COVINGTON, Judge.

On June 15, 1976, American Commonwealth Financial Corporation and Roger J. LeBlanc, sold 578,444 and 18,125 shares, respectively, of common capital stock in National American Life Insurance Company to National Pacific Corporation for the price of $6,031,718.75, which was paid by a cash down payment of $2,031,718.75, and the giving of a promissory note of National Pacific Corporation for the balance of ...

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