Lastrapes v. Rocquet

The plaintiffs seek to have a note for $10,000, due thirty-first March, 1862, and the mortgage securing its payment, given for the last installment of the purchase price of a plantation and slaves in St. Landry, canceled and extinguished, on the ground that the payments made far exceed the value of the land, improvements and movables purchased by them, the alleged proportion being $60,000 for slaves and $20,000 for the land, improvements and- movables, and the total paid being $60,000. The defense is that the demand is unfounded in law; that if admissible, the proportion is as three-sevenths…