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JEFFERSON GUAR. BANK v. WESTBANK-MARRERO CAB CO.

No. 90-CA-406.

570 So.2d 498 (1990)

JEFFERSON GUARANTY BANK v. WESTBANK-MARRERO CAB CO.

Court of Appeal of Louisiana, Fifth Circuit.

Rehearing Denied December 17, 1990.

Writ Denied February 22, 1991.

Attorney(s) appearing for the Case

Peggy Wallace, New Orleans, for plaintiff-appellee.

Philip A. Gattuso, Gretna, for defendants-appellants.

L. Marlene Quarles, New Orleans, James H. Morgan, III, Baton Rouge, Raymon G. Jones, Ronald A. Welcker, New Orleans, for defendant-appellee.

Before CHEHARDY, GAUDIN and DUFRESNE, JJ.

DUFRESNE, Judge.

This appeal comes to us as a result of a decision granting a motion for summary judgment.

FACTS

Jefferson Guaranty Bank filed suit on a promissory note signed by Westbank-Marrero Cab Company and endorsed by its sole stockholder, Frank J. Bommarito.

The purpose of the loan to Westbank and Bommarito was to obtain insurance premium financing which was to be secured by the procurement of an insurance policy covering taxicabs...

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