FARM CREDIT BANK OF TEXAS v. BASSETT

No. 26780-CA.

653 So.2d 206 (1995)

FARM CREDIT BANK OF TEXAS, Plaintiff-Appellee, v. Marvin Glen BASSETT and Linda Steele Bassett, Defendants-Appellants.

Court of Appeal of Louisiana, Second Circuit.

April 5, 1995.


Attorney(s) appearing for the Case

Hargrove, Pesnell & Wyatt by Billy R. Pesnell, Shreveport, for appellants.

Milling, Benson, Woodard, Hillyer, Pierson & Miller by James Timothy Betbeze, New Orleans, for appellee.

Before MARVIN, BROWN and STEWART, JJ.


STEWART, Judge.

Defendants appeal a summary judgment whereby they were found liable to plaintiff for one-half of the balance due on a promissory note they assumed through the execution of an assumption deed in favor of the original makers. We reverse and remand.

FACTS

On September 27, 1979, James C. Steele, III and Gloria Dyke Steele executed a $220,000 promissory note in favor of the Federal Land Bank of New Orleans (FLB) for the purchase of a 259...

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