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DEMAIO v. THERIOT

No. 5801.

343 So.2d 1143 (1977)

Marybelle DEMAIO and Joseph Demaio, Plaintiffs and Appellees, v. Robert THERIOT, Defendant and Appellant.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied April 5, 1977.

Writ Granted June 3, 1977.

Attorney(s) appearing for the Case

Koury & Ashy by D. Warren Ashy, Lafayette, for defendant and appellant.

Michael H. Colvin, Lafayette, for plaintiffs and appellees.

Before HOOD, CULPEPPER and DOMENGEAUX, JJ.

CULPEPPER, Judge.

This is a suit on a promissory note. Plaintiffs are the original holders and owners of the note in the principal sum of $7,500. The defendant, Robert Theriot, is the maker of the note. The note represents part of the $12,000 purchase price of a ladies dress shop, which plaintiffs sold to defendant. Defendant contends that payment of the note was conditioned on his being able to obtain a loan from the Small Business Administration (SBA). Since he...

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