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FLEMING IRR., INC. v. PIONEER BANK & TRUST CO.

No. 27,262-CA.

661 So.2d 1035 (1995)

FLEMING IRRIGATION, INC., Plaintiff-Appellee, v. PIONEER BANK & TRUST CO., Defendant-Appellant.

Court of Appeal of Louisiana, Second Circuit.

Writ Denied December 8, 1995.

Attorney(s) appearing for the Case

Wiener, Weiss, Madison & Howell by James F. Howell and Jeffrey W. Weiss, Shreveport, and Mary E. Arceneaux, Shreveport, for appellant.

Comegys, Lawrence, Jones, Odom & Spruiell by Wm. Paul Lawrence and Frank H. Spruiell, Shreveport, for appellee.

Before NORRIS and HIGHTOWER, JJ., and PRICE, J. Pro Tem.

HIGHTOWER, Judge.

In this lender liability action, Pioneer Bank and Trust appeals a judgment awarding plaintiff, Fleming Irrigation, Inc., damages totaling $350,000, after the jury concluded that an application for a Small Business Administration (SBA) guaranty constituted, under the provisions of the Louisiana Credit Agreement Statute, LSA-R.S. 6:1121, et seq., a written credit agreement committing the bank to complete the loan entailed. We reverse.

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