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DUGAS v. CASON

No. 87-106.

524 So.2d 1248 (1988)

Ernest G. DUGAS, Plaintiff-Appellee, v. W.R. CASON, Defendant-Appellant.

Court of Appeal of Louisiana, Third Circuit.

March 2, 1988.

Attorney(s) appearing for the Case

Lisa B. Cusimano, Lafayette, for plaintiff-appellee.

Logan & Viguerie, William F. Logan, Jr., Lafayette, for defendant-appellant.

Before GUIDRY, YELVERTON and KNOLL, JJ.

KNOLL, Judge.

This appeal concerns the issue of prescription. W.R. Cason appeals the dismissal of his reconventional demand against Ernest G. Dugas for the rescission of a stock sale between them on the basis of fraud, and sought damages from Dugas for his misrepresentation or suppression of the true value of the stock.

On June 3, 1982, Dugas sold Cason 24 shares of A.S.C. Drilling Fluids, Inc. stock. Pursuant to a written agreement of sale, Cason allegedly...

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