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WHITNEY NAT. BANK OF NEW ORLEANS v. DERBES

Nos. 12411, 12752.

436 So.2d 1185 (1983)

WHITNEY NATIONAL BANK OF NEW ORLEANS v. Vincent J. DERBES, Gary B. Brown, Herbert B. Christianson, Andrew M. Hegre and Lloyd D. O'Quinn. Lloyd D. O'QUINN v. WHITNEY NATIONAL BANK OF NEW ORLEANS.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied September 2, 1983.

Writ Denied November 18, 1983.

Attorney(s) appearing for the Case

William J. Dutel, Laura J. Todaro, Dutel & Dutel, New Orleans, for Lloyd D. O'Quinn (co-defendant-appellant and plaintiff-appellee).

James G. Derbes, Derbes & Derbes, New Orleans, for Dr. Vincent J. Derbes, M.D. (defendant-appellant).

Bernard J. Capella, New Orleans, for Dr. Gary R. Brown, M.D. (defendant-appellant).

Arthur S. Mann, III, Tucker & Schonekas, New Orleans, for Dr. Herbert B. Christianson, M.D. (defendant-appellant).

Jerry A. Brown, John D. Wogan, Monroe & Lemann, New Orleans, for Whitney Nat. Bank of New Orleans (plaintiff-appellee and defendant-appellant).

Before SCHOTT, BARRY, AUGUSTINE, LOBRANO and WARD, JJ.

SCHOTT, Judge.

This is a consolidated case which began when an in commendam partnership, Elk Place Medical Plaza, borrowed money to finance construction of a building budgeted at $6,011,064. Coldwell Mortgage Trust provided $5,000,000 interim financing and Whitney National Bank of New Orleans loaned the balance represented by a promissory note for $1,011,064, dated July 12, 1973, payable on demand, with 8½% interest per annum and signed by the managing partner...

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