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GUARDIAN FUNDS v. MEDALLION INS. AGENCY

359 So.2d 1335 (1978)

GUARDIAN FUNDS, INC. v. MEDALLION INSURANCE AGENCY, INC. and St. Paul Fire & Marine Insurance Company.

Court of Appeal of Louisiana, Fourth Circuit.

June 13, 1978.

Attorney(s) appearing for the Case

Roger H. Fellom, New Orleans, for plaintiff-appellant.

Wiedemann & Fransen, C. Scott Carter, New Orleans, for defendants-appellees.

Before LEMMON, GULOTTA and BOUTALL, JJ.

GULOTTA, Judge.

Plaintiff's suit to recover interim finance loans made to a contractor for home renovations was met with a one-year prescription plea. The trial court maintained the plea of prescription. Plaintiff appeals. We affirm.

The petition alleges that the loans were made by plaintiff to the contractor conditioned upon the issuance of a performance bond in the amount of the loans and also conditioned upon...

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