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AMERICAN BANK & TRUST CO. v. CAMBRE

No. 17656-CA.

486 So.2d 1076 (1986)

AMERICAN BANK & TRUST COMPANY IN MONROE, Plaintiff/Appellee, v. Charles W. CAMBRE III, et al., Defendants/Appellees. Charles M. Davis and Joy Davis, Defendants/Appellants.

Court of Appeal of Louisiana, Second Circuit.

April 2, 1986.

Attorney(s) appearing for the Case

William R. Coenen, Jr., Rayville, for defendants-appellants.

Boles & Mounger by Charles H. Ryan, Monroe, for plaintiff/appellee.

Snellings, Breard, Sartor, Inabnett & Trascher by Charles C. Trascher, III, Monroe, for defendants/appellees.

Before HALL, NORRIS and LINDSAY, JJ.

NORRIS, Judge.

This is a suit on a promissory note and continuing guaranty agreement. The bank moved for and was granted a summary judgment. The guarantors, Mr. and Mrs. Davis, have appealed. For the reasons expressed, we affirm.

American Bank loaned $69,528.39 to A-1 Sheet Metal Inc. in 1984. The Davises and the Cambres signed continuing guaranty agreements. The note provided for a variable "Prime Plus 2" interest rate adjusted monthly and for 20% attorney...

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