Louisiana Court of Appeal March 3, 1931, No. 755 (Finance Security Co. v. Reid)

MOUTON, J.

Plaintiff company sold an auto to defendant, took another car in exchange valued at $200, and for the balance defendant executed his promissory note for $460, $60 of which was for insurance taken on the car in favor of plaintiff, and for interest. The note given by defendant is dated March 9, 1929, and the insurance policy was issued for one year from that date.