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CITIZENS NAT. BANK v. COATES

No. CA 89 1015.

563 So.2d 1265 (1990)

CITIZENS NATIONAL BANK v. Warren COATES and Mary Jean Coates.

Court of Appeal of Louisiana, First Circuit.

June 26, 1990.

Attorney(s) appearing for the Case

T. Jay Seale, Hammond, for appellant, Citizens Nat. Bank.

J. Peyton Parker, Jr., Baton Rouge, for appellees, Warren and Mary Jean Coates.

Before LOTTINGER, CRAIN and LEBLANC, JJ.

CRAIN, Judge.

The question in this case is whether a "gorilla clause" in a pledge agreement supercedes the subsequent intent of the pledgor not to have the pledge secure a handnote. The party who executed the handnote no longer owned the property originally pledged when the note in question was signed. He signed the note in blank with no identification with the pledge. He claims there was no intent to secure this particular...

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