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FIRST STATE BANK & TRUST CO. v. SEVEN GABLES CO.

No. 85 CA 1135.

501 So.2d 280 (1986)

FIRST STATE BANK & TRUST COMPANY OF EAST BATON ROUGE PARISH v. SEVEN GABLES, INC., H. Samuel Davidson and Bessie Mae Davidson.

Court of Appeal of Louisiana, First Circuit.

Writ Denied February 13, 1987.

Attorney(s) appearing for the Case

Ronnie Berthelot, Jr., Baton Rouge, for plaintiff.

Martin Schroeder, Jr., Baton Rouge, for defendant-first appellant Samuel Davidson.

Richard P. Reina, Denham Springs, for defendant-first appellant Bessie Davidson.

Aubrey McCleary, Jr., Baton Rouge, for defendant-first appellant Seven Gables.

Before EDWARDS, WATKINS and LeBLANC, JJ.

WATKINS, Judge.

This lawsuit arises from the default of a $350,000.00 loan and the lender's attempt to collect the balance due from the three defendants, two of whom guaranteed its payment, one of whom assumed the loan obligation.

Defendants Samuel and Bessie Davidson guaranteed the payment of a (hand) note dated "1-19-77," but the only hand note introduced at trial was dated "January 20, 1977." Defendant Seven Gables, Inc. assumed the obligations in a collateral...

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