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HIBERNIA NAT. BANK v. BELLEFONTE UNDERWRITERS INS. CO.

Nos. 88-CA-1336, 88-CA-1337.

543 So.2d 534 (1989)

HIBERNIA NATIONAL BANK IN NEW ORLEANS v. BELLEFONTE UNDERWRITERS INSURANCE COMPANY, et al (Two Cases).

Court of Appeal of Louisiana, Fourth Circuit.

Writ Granted June 30, 1989.

Attorney(s) appearing for the Case

Gordon F. Wilson, Jr., Friend, Wilson & Draper, New Orleans, for plaintiffs-appellants.

Ernest L. O'Bannon, John C. Tollefson, Bienvenu, Foster, Ryan & O'Bannon, New Orleans, for defendant-appellee.

Before GARRISON, ARMSTRONG and BECKER, JJ.

GARRISON, Judge.

The appellants, Abraham N. Goodman, Harry Goodman, Inc., David A. Goodman and Daniel E. Goodman, are the alleged personal guarantors of a loan from Hibernia National Bank to Allied Recycling Corporation. This loan was secured by certain chattels which were destroyed by fire in 1980 and which were insured by National Surety Corporation of California.

When Allied defaulted on this loan, Hibernia made...

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