BANK OF ST. CHARLES v. FIRE PROTECTION SYS., INC.

No. 86-CA-218.

497 So.2d 25 (1986)

BANK OF ST. CHARLES v. FIRE PROTECTION SYSTEMS, INC., and Harold S. Larkin.

Court of Appeal of Louisiana, Fifth Circuit.

October 14, 1986.


Attorney(s) appearing for the Case

Don Almerico, Jerome Kunkel, St. Rose, for plaintiff-appellant.

Before KLIEBERT, GAUDIN and DUFRESNE, JJ.


DUFRESNE, Judge.

This case comes to us on appeal as a novel question of law. The matter before us involves a suit on a promissory note brought by the holder, Bank of St. Charles (plaintiff), against the maker, Fire Protection Systems, Inc. and its guarantor and president, Harold S. Larkin. The promissory note in question was for the principal sum of $23,226.48 together with interest at the rate of 15.12% percent per annum from November 30, 1984, payable at the rate...

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