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8 Teiss. 355

Homan v. Ammen

Louisiana Court of Appeal

Decided May 15, 1911

Louisiana Court of Appeal · decided 1911-05-15

<p>Issues of fact only are involved.</p>

Decided 1911-05-15

DUFOUR, J.

¶1The plaintiff sues to rescind the sale *356of fifteen shares of stock of the Ammen Co. Limited,, at. $110 per share, on the ground that Ammen falsely represented .to him that the shares had that value and ha was induced by that representation to make the purchase:

¶2Human states that Ammen made false representations, and had handed him a statement of merchandise on hand which was excessive to the extent of $2000.

¶3Ammen denies making any representation or showing any statement of the status of merchandise at the, time the stock was bought, and says that he did not suggest the purchase to Homan, who bought of his own volition.

¶4The conflict between the two is unreconcilable, and it. is clear from the judgment that the district judge accepted the' version of the defendant.

¶5Counsel for plaintiff urges in this (court that “under all probabilities of the (case, the Statement of Homan is correct and the statement of Ammen incorrect.”

¶6We think differently.

¶7The burden of proving the representations and their falsity is on the party who seeks the rescission of the contract.

¶8Homan's sole basis for his claim' is that he found a discrepancy in the amount of merchandise carried in the ledger and that (carried in the merchandise or stock hook.

¶9He does not venture to say which of the two hooks, if either, is correct or what amount of stock was on hand.

¶10He became a member of the hoard of directors about four months after becoming a stockholder and had' the same opportunity of investigating the hooks and stock and securing available evidence as was possessed by the defendants.

¶11His failure to produce any, suggests that he found none, *357and to sustain his demand would be to base a judgment on vague inferences.

May 15, 1911.

¶12Judgment affirmed.

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