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JOSLIN v. BENGAL CHEF, INC.

No. 97 CA 1141.

715 So.2d 1266 (1998)

Dennis JOSLIN v. BENGAL CHEF, INC., Wesley Eugene Turner, Helen Janice Marine Turner, Jerome Boyum Hopkins, Jeanette Miller Boyum Hopkins, Jeanette Miller Hopkins, Charles Malcolm Smith, and Louise Sherman Smith.

Court of Appeal of Louisiana, First Circuit.

July 9, 1998.

Attorney(s) appearing for the Case

Alan J. Levith, Hammond, for Plaintiff-Appellant.

Gerald L. Walter, Jr., Baton Rouge, for Defendants-Appellees John S. Kean, III, and James M. Field.

Michael T. Perry, Baton Rouge, for Defendant-Appellee James M. Field.

Before LOTTINGER, C.J., and SHORTESS and FOGG, JJ.

SHORTESS, Judge.

Capital Bank & Trust Company in Baton Rouge became insolvent in 1987, and the Federal Deposit Insurance Corporation (FDIC) acquired its commercial paper. Dennis Joslin (plaintiff) buys discounted commercial paper. In 1993 he bought a bundle of Capital's notes and mortgages from the FDIC. Among those documents were two promissory notes executed in 1986 by Bengal Chef, Inc., to Capital Bank. One note was for $14,000.00; the other was for $102,605...

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