MELLON FINANCIAL SERV. CORP. v. LAFAYETTE INS. CO.

No. 92-CA-1029.

616 So.2d 1273 (1993)

MELLON FINANCIAL SERVICES CORPORATION # 7 v. LAFAYETTE INSURANCE COMPANY.

Court of Appeal of Louisiana, Fourth Circuit.

Writ Denied June 4, 1993.


Attorney(s) appearing for the Case

Barry H. Grodsky, Shushan, Meyer, Jackson & McPherson, New Orleans, Peter M. Meisner Blue, Williams & Buckley, Metairie, for appellant.

Gideon T. Stanton, III, Guste, Barnett & Shushan, New Orleans, for third-party-defendant-appellee Laura Bonilla.

Before BYRNES, CIACCIO and JONES, JJ.


BYRNES, Judge.

On June 12, 1985 Laura Bonilla sold the residential rental single located at 8404 Boone Street in Metairie to her son Carlos Bonilla and his wife Rosa, for $50,000, of which only $30,037.89 was paid in cash. For the balance of $19,962.11 the purchasers assumed responsibility for the payment of a mortgage in favor of plaintiff, Mellon Financial Services # 7.1 The property was insured by Lafayette Insurance Company for $26...

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