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WHITNEY NAT. BANK v. ROCKWELL

No. 94-CC-3049.

661 So.2d 1325 (1995)

WHITNEY NATIONAL BANK v. Richard G. ROCKWELL.

Supreme Court of Louisiana.

October 16, 1995.

Attorney(s) appearing for the Case

Clay J. LeGros, Metairie, Keith P. Richards, NEWMAN, MATHIS, BRADY, WAKEFIELD & SPEDALE, New Orleans, for Applicant.

Malcolm B. Robinson, Metairie, Richard L. Epstein, Metairie, for Respondent.

Mary Elizabeth Arceneaux, Baton Rouge, for Louisiana Bankers Association (Amicus Curiae).

LEMMON, Justice*.

This is an action by Whitney National Bank on a promissory note which was payable in the full amount of principal and interest seventy-six days from date of execution. In addition to resisting the principal demand on the note, defendant asserted a reconventional demand for damages on the basis that the lender had breached its verbal agreement to accept interest-only payments for a period of time and then to grant a term...

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