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VALHI, INC. v. ZAPATA CORP.

No. 9523.

365 So.2d 867 (1978)

VALHI, INC. v. ZAPATA CORPORATION and Zapata Development Corporation.

Court of Appeal of Louisiana, Fourth Circuit.

December 7, 1978.

Attorney(s) appearing for the Case

Gordon, Arata & McCollam, John McCollam, New Orleans, Becnel & Becnel, Charles S. Becnel, Vacherie, for plaintiffappellee.

Liskow & Lewis, Lafayette, William R. Pitts, New Orleans, and Gene W. Lafitte, Lafayette, Martin, Himel, Peytavin & Nobile, Lloyd R. Himel, Lutcher, for defendants-appellants.

Before LEMMON, STOULIG and SCHOTT, JJ.

STOULIG, Judge.

Plaintiff, Valhi, Inc., the successor corporation of Southdown Land Company (Southdown), obtained a declaratory judgment relieving it from repurchasing for $1,190,000 two plantations it had sold. Zapata Development Corporation (Zapata) for $1,100,000. Zapata appealed.

A short time before taking title to the St. Clair and the St. Amelia Plantations in St. James Parish, Zapata learned of a title problem in the St. Clair chain. In the title insurance...

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