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BREAUX BRIDGE BANK & TRUST CO. v. SIMON

No. 89-580.

570 So.2d 156 (1990)

BREAUX BRIDGE BANK & TRUST COMPANY substituted by The Federal Deposit Insurance Corporation, Plaintiff-Appellee, v. J. Minos SIMON, Defendant-Appellant.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied December 14, 1990.

Writ Denied February 8, 1991.

Attorney(s) appearing for the Case

Sally & Guilliot, James O. Salley, Mark A. Segura, Andrus, Boudreaux, Lemoine & Tonore, Claude Rivet, Lafayette, for plaintiff-appellee.

Lawrence N. Curtis, Lafayette for defendant-appellant.

Before FORET, DOUCET and KNOLL, JJ.

DOUCET, Judge.

This appeal arises out of a suit on a promissory note.

In 1984, J. Minos Simon signed as surety for Thomas Baker, who was borrowing $10,000.00 from Breaux Bridge Bank & Trust Co. (BBB & T). Baker defaulted on the debt. In order to discharge his surety obligation, on December 16, 1985, Simon executed a promissory note in favor of BBB & T in payment of the Baker note.

Simon decided...

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