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SCHROEDER v. LACY

No. 90-1278.

600 So.2d 146 (1992)

Royce SCHROEDER, Plaintiff-Appellant, v. James LACY, Defendant-Appellee.

Court of Appeal of Louisiana, Third Circuit.

May 20, 1992.

Attorney(s) appearing for the Case

Keith Rodriguez, Lafayette, for plaintiff-appellant.

Mouton & Alexander, John A. Mouton III, Lafayette, for defendant-appellee.

Before GUIDRY and STOKER, JJ., and PATIN, J. Pro Tem.

GUIDRY, JUDGE.

This is a suit to enforce a personal guarantee of a corporate debt. Royce Schroeder, president of OFI Testing Equipment, Incorporated (OFI), sued defendant, James Lacy, president and sole shareholder of SAFF, Incorporated (SAFF), to enforce Lacy's personal guarantee to Schroeder of unpaid invoices owed by SAFF to OFI. The trial court found Lacy's personal guarantee to be valid and enforceable, but it refused to award Schroeder any monetary amount because...

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