Sanders Family, LLC No. 1 v. Sanders
Louisiana Court of Appeal
1Opinion of the CourtCaraway, J.
_jjln this action, a family-owned limited liability company seeks to rescind four sales of the company’s immovable property. The plaintiff claims that the company manager was improperly influenced and induced by her son to convey to him the properties for prices significantly less than the fair market value. The company asserts that the manager’s execution of each sale was from the advice and within the confidence of her son, thus vitiating her consent by fraud. The trial court dismissed the limited liability company’s claims for rescission of the sales contracts on the exception of…
2Cases cited12 opinions
- Cichirillo v. Avondale Industries, Inc.Supreme Court of Louisiana · 2005
- Montgomery v. BreauxSupreme Court of Louisiana · 1974
- ODECO Oil & Gas Co. v. NunezLouisiana Court of Appeal · 1988
- Texana Oil & Refining Co. v. BelchicSupreme Court of Louisiana · 1922
- Neal v. DanielsSupreme Court of Louisiana · 1950
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