Wilfamco, Inc. v. Interstate Electric Co.

HAWTHORNE, Justice.

Defendant, Interstate Electric Company, on April 10, 1947, sold to plaintiff, Wilfamco, Inc., an office building situated in the City of New Orleans, known as the Stern Building, for the sum of $379,700. On April 23, 1948, more than one year after the date of the sale, plaintiff instituted this suit for a reduction of $12,138.16 in the price paid for the building, alleging that this amount was the cost paid by it to correct defects in the electrical system of the building. Plaintiff alleged that these defects were latent or non-apparent; that the seller, Interstate Electric…