Legal Opinion
Newell v. Douglas E. Lanier, Inc.
Louisiana Court of Appeal
Decided June 30, 1976No. 10670PublishedCited by 2 opinions
1Opinion of the Court
ELLIS, Judge.
Plaintiffs Stephen P. Newell and Carol M. Newell purchased a house and lot from defendant Douglas E. Lanier, Inc. on September 5, 1974. As part of the purchase price, they gave to defendant a promissory note for $11,450.00, dated September 5, 1974, and payable in monthly installments of $500.00, including principal and interest at the rate of 8SA per cent, per annum. The note was secured by a second mortgage on the property acquired.
On May 13, 1975, this suit was filed, seeking rescission of the sale because of redhibitory defects in the house. Alternatively, plaintiffs asked for…
2Cases cited4 opinions
- Ascension Builders, Inc. v. JumonvilleSupreme Court of Louisiana · 1972
- Balis v. MitchellLouisiana Court of Appeal · 1950
- Federal Deposit Ins. Corporation v. PageLouisiana Court of Appeal · 1940
- Yung v. Magnolia Acceptance Corp.Louisiana Court of Appeal · 1965
3Cited by2 opinions
- McKinney Saw & Cycle v. BarrisLouisiana Court of Appeal · 1993
- Nicholson v. EllerbeLouisiana Court of Appeal · 1983