RHOADS v. QUICKSILVER BROKERS, LTD.

No. 01-CA-768.

801 So.2d 1284 (2001)

Alice Cope RHOADS v. QUICKSILVER BROKERS, LTD. d/b/a Mercury Underwriters.

Court of Appeal of Louisiana, Fifth Circuit.

Rehearing Denied January 14, 2002.


Attorney(s) appearing for the Case

William W. Hall, Metairie, LA, Attorney for Defendant-Appellant, Quicksilver Brokers, Ltd., d/b/a Mercury Underwriters.

Aaron F. Broussard, Kenner, LA, Court-Appointed Liquidator for Defendant-Appellant, Quicksilver Brokers, Ltd., d/b/a Mercury Underwriters.

Jerome M. Volk, Jr., DeMartini, D'Aquila & Volk, Kenner, LA, Attorney for Liquidator for Defendant-Appellant, Quicksilver Brokers, Ltd., d/b/a Mercury Underwriters.

Gerard G. Metzger, New Orleans, LA, Michael F. Somoza, Gretna, LA, Attorneys for Plaintiff-Appellee, Alice Cope Rhoads.

Court composed of Judges EDWARD A. DUFRESNE, Jr., JAMES L. CANNELLA and SUSAN M. CHEHARDY.


CHEHARDY, Judge.

In this suit for enforcement of a stock option agreement, the defendant corporation appeals a summary judgment against it in favor of the plaintiff that allows the plaintiff to purchase shares of stock in the company. We reverse the summary judgment and remand.

On appeal, the defendant contends the trial court erred in granting summary judgment because the option contract is unenforceable based on error as to cause, legal impediments, and...

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