De Montluzin v. Lamagou

Citations

• 12 Teiss. 88
• 1914 La. App. LEXIS 128

Syllabus

<p>Syllabus.</p> <p>There are two kinds of earnest money. The first which accompanies a mere promise of a projected sale; the second which succeeds an absolute agreement of a concluded sale.</p> <p>Either party may recede from the first by forfeiting the earnest money; neither may recede from the second.</p> <p>The question whether the contract is a promise of sale or a concluded agreement of sale is a question of fact to be determined by the Judge.</p>