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AMERICAN BANK & TR. v. WETLAND WORKOVER

Nos. CA-7789 to CA-7794.

523 So.2d 942 (1988)

AMERICAN BANK & TRUST COMPANY OF HOUMA v. WETLAND WORKOVER, INC., et al.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearings Denied May 11, 1988.

Attorney(s) appearing for the Case

Harry C. Stumpf, Stumpf, Dugas, LeBlanc, Papale & Ripp, Gretna, for appellant Mack H. Deloney.

George Pivach, II, Pivach, Cossich & Pivach, Belle Chasse, for appellee American Bank & Trust Co. of Houma.

Nel F. Vezina, Emile L. Hebert, III, Gretna, for defendants, Mack H. Deloney, and Jim Sturdivant-appellants.

Before GULOTTA, C.J., and BARRY, WARD, WILLIAMS and PLOTKIN, JJ.

WILLIAMS, Judge.

The question on appeal is whether continuing guarantees signed by Jim Sturdivant and Mack Deloney were signed in their individual capacities or as corporate representatives of Wetland Workover, Inc. (Wetland).

In March of 1975, Jim Sturdivant, Mack Deloney and C.B. Davenport, principals of Wetland Workover, Inc., approached American Bank for the purpose of making a loan. Wetland offered a workover rig as security for the loan. Financial statements...

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