Industrial Enterprises, Inc. v. Kidd
Industrial Enterprises, Inc. v. Kidd
Opinion of the Court
This appeal is from a judgment of the trial court which dismissed plaintiff’s suit seeking repayment of an alleged personal loan made to the defendant. Plaintiff appealed.
This matter arises out of a transaction between the plaintiff, Industrial Enterprises, Inc. (Industrial), and the defendant, James H. Kidd, president of Louisiana Petroleum Services, Incorporated (Louisiana Petroleum).
On February 8, 1980, a check was issued from Industrial to Louisiana Petroleum in the amount of $5,941.39. The defendant cashed the check at Fidelity National Bank in Baton Rouge and then deposited the cash in a company account at Baton Rouge Bank.
A promissory note, payable on demand was then executed on April 17, 1980, by Louisiana Petroleum payable to the order of Industrial for the principal sum of $6,400.00.
On June 2, 1981, a letter was sent by plaintiff’s attorney addressed to Louisiana Petroleum, attention Jim Kidd, demanding payment on the demand note. No payment was made, and plaintiff filed suit against Kidd for repayment of the loan claiming that the loan was strictly personal. Kidd answered denying any liability alleging that the loan was between the two companies only.
After trial on the merits, the trial judge in his oral reasons held that the evidence of the indebtedness was written and that the parol evidence rule prohibits introduction of evidence to contradict or modify the written agreement.
Appellant argues that the indebtedness was based on an oral agreement en
At trial there was conflict in the testimony. Industrial’s vice-president, Terry Smith, testified to an oral agreement between him and Kidd for a personal loan he made to Kidd. Kidd testified that the loan was between the two companies only, and the indebtedness was represented by the promissory note. Under the standard for appellate review of fact established by Canter, the reviewing court must give great weight to factual conclusions of the trier of fact and where there is conflict in the testimony reasonable evaluations of credibility will not be disturbed upon review.
For the foregoing reasons, we affirm the judgment of the trial court. All costs of this appeal are to be paid by the appellant.
AFFIRMED.
. The written evidence of the indebtedness was the promissory note, not the check as suggested
Case-law data current through December 31, 2025. Source: CourtListener bulk data.