SLIDAMAR, INC. v. JEFFERSON STANDARD LIFE INS. CO.

No. 14145.

399 So.2d 670 (1981)

SLIDAMAR, INC. v. JEFFERSON STANDARD LIFE INSURANCE COMPANY.

Court of Appeal of Louisiana, First Circuit.

May 26, 1981.


Attorney(s) appearing for the Case

Henry L. Klein, New Orleans, for plaintiff-appellant.

R. Patrick Vance, New Orleans, for defendant-appellee.

Before LOTTINGER, EDWARDS and PONDER, JJ.


PONDER, Judge.

Plaintiff appealed from a judgment of the trial court ordering it to compute its mortgage payments to defendant on the basis of "gross sales".

The issues are: ambiguity of the contract and interpretation thereof by the court.

We affirm.

Following two years of negotiations, plaintiff signed a promissory note and mortgage in favor of defendant for $975,000.00. The note provided for interest at the rate of 9½ percent per annum...

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