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STEIB v. ST. JAMES BANK & TRUST CO.

Civ. A. No. 85-3340.

642 F.Supp. 910 (1986)

Lucien C. STEIB, et al. v. ST. JAMES BANK & TRUST CO.

United States District Court, E.D. Louisiana.

August 25, 1986.

Attorney(s) appearing for the Case

Jerome J. Barbera, III, Thibodaux, La., for plaintiffs.

Michael K. Heltz, Kleibert & Heltz, Gramercy, La., for defendant.

MEMORANDUM OPINION

MENTZ, District Judge.

By agreement among the parties, it was decided that the case would be submitted to the Court by depositions, exhibits, and stipulations.

This litigation arises out of a loan made by the defendant to the plaintiffs in May, 1983. The facts and events surrounding this loan are uncontested.

On May 6, 1983, Lucien and Denise Steib executed a collateral mortgage for $60,000 to provide for the purchase of...

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