Cook v. Mixon

11 CARAWAY, Judge.

In this case, a disputed sale of a large tract of timberland was held by the trial court to be in violation of Louisiana’s lesion principles. Soon after the initial sale, a second sale of the property was made to a large timber company for over two and one-half times the first purchase price. This dispute therefore requires a determination of the “fair market value” of the property under La. Civ.Code art. 2589.1 Finding that the trial court misapplied the high legal standard for setting aside as lesionary a transaction involving timber as the principal market value component…